Blagojevich Signs Tardy, Austere Budget

The $45.5 billion spending plan also cuts $800 million in other spending and delays a capital construction plan.

The Democratic governor says the budget also allows more children to go to preschool and helps seniors pay for prescription drugs.

Blagojevich said in a statement that, "We are able to do all of this without asking the taxpayers to pay more in their income taxes or sales taxes."

It did not come without a price. House Democrats teamed with Republicans to oppose the governor's original plan and sent the legislative session into a record 54-day overtime. The fiscal year began July 1.

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