Illinois Gov. Bruce Rauner freezes non-essential spending

New Illinois Governor Bruce Rauner says he’s ordering state agencies to freeze non-essential spending.

Rauner took the oath of office Monday. In an inaugural speech minutes later, he said his first official act as governor is to take “immediate, decisive action” on the state’s budget problems.

Rauner also says he’s asking state agencies to review all contracts signed since Nov. 1. And the wealthy businessman is cutting his own salary to $1 and declining any benefits.

Rauner is the first Republican governor to lead Illinois in more than a decade. He faces a Democratic-controlled Legislature and a multi-billion dollar budget hole.

Rauner says lawmakers’ history of spending money the state doesn’t have has made Illinois less competitive.

Rauner says he’ll issue executive orders Tuesday to strengthen ethics in the executive branch.