Illinois State Budget

Gov. Bruce Rauner outlines his agenda after being sworn into office on Jan. 12, 2015, in Springfield, Illinois. Rauner is the first Republican governor in Illinois since 2003. (Credit: CBS)

Rauner Previews 1st-Year Priorities: Cut Taxes, Medicaid

Gov. Bruce Rauner said he will propose a number of reforms to turn the state around, and indicated they would involve making Illinois more attractive to businesses while slashing spending on everything from health insurance for the poor to public-worker pensions and the state’s payroll.

01/23/2015

Mayor Rahm Emanuel announces a partnership between Von Steuben High School, the Illinois Institute of Technology, and Exelon, in order to help high school students earn college credit in science, technology, engineering, and mathematics. (Credit: Craig Dellimore/WBBM)

Emanuel To Rauner: Keep Your School Funding Promise

Mayor Rahm Emanuel pledged to hold Gov. Bruce Rauner to his promise to increase education funding, now that the Republican venture capitalist has been sworn in as governor.

01/13/2015

Gov. Bruce Rauner outlines his agenda after being sworn into office on Jan. 12, 2015, in Springfield, Illinois. Rauner is the first Republican governor in Illinois since 2003. (Credit: CBS)

Bruce Rauner Sworn In As Governor

Republican Bruce Rauner became the 42nd governor of Illinois and only minutes after being sworn, he enacted a statewide spending freeze.

01/12/2015

Illinois State Capitol

Topinka: Looming $2B Drop In Revenue A ‘Heart Attack’ For State Finances

Illinois Comptroller Judy Baar Topinka is warning of “a $2 billion collapse” next year when the state’s temporary income tax increase begins to roll back.

07/09/2014

Illinois State Capitol

Quinn Makes Minor Changes To $35.7B Budget

The Chicago Democrat cut $250 million for renovations to the state Capitol from the $35.7 billion spending plan, saying the state can’t afford to move forward with improvements this year. He also said he has directed state agencies to make additional cuts, including selling half the state’s 21 airplanes.

06/30/2014

Illinois State Senate

State Lawmakers Continue 2015 Budget Talks

Illinois lawmakers continued to grapple Wednesday with a new state budget, as Republicans ripped majority Democrats for spending beyond their means with a plan even Democrats acknowledge leaves “big unanswered questions” about the state’s finances.

05/29/2014

Illinois State Capitol

Illinois House Advances 2015 Budget

Having given up on extending Illinois’ temporary income tax increase — at least for now — the Illinois Legislature is moving forward with a scaled-back budget that could lead to layoffs, further delays in paying the state’s bills and a post-election vote to make the tax hike permanent or generate some other source of revenue.

05/27/2014

Illinois House Of Representatives

Democrats Regroup, Craft Budget Without Higher Tax

House Speaker Michael Madigan emerged from a Memorial Day caucus meeting and told reporters that he was dropping the idea of making the 5 percent income tax permanent — and crafting a budget blueprint that holds the line on spending but is not the “doomsday” plan the House overwhelmingly rejected on Friday.

05/27/2014

Illinois House Of Representatives

Lawmakers To Try Again After Budget Fails In House

House Speaker Michael Madigan said Friday that lawmakers will try again to draft a 2015 budget after the House overwhelmingly rejected a $34.5 billion budget that would have made deep cuts to schools and social services next year in a vote one Republican critic called “all theater.”

05/23/2014

Illinois State Capitol

Vallas Slams Rauner For Not Proposing Budget Plan

“He’s basically taking this position of opposing the governor’s budget, without offering anything – ANYTHING – in its place,” Vallas said.

05/21/2014

Illinois House Of Representatives

Madigan: Budget Vote Helps With Tax Increase

House Speaker Michael Madigan said Wednesday that his chamber’s effort to pass a budget without first securing all the needed revenue would aid a push to make an income tax hike permanent, but his colleagues in the Senate were not happy with the unusual move.

05/15/2014

Gov. Pat Quinn presents his annual budget address to the Illinois General Assembly in Springfield on March 26, 2014. (Credit: CBS)

Quinn Proposes Making 2011 Income Tax Hike Permanent

Gov. Pat Quinn outlined his case Wednesday for making Illinois’ temporary income tax increase permanent, predicting “extreme and radical” budget cuts to schools and services without additional revenue.

03/26/2014

Gov. Pat Quinn (Photo by Streeter Lecka/Getty Images)

Quinn To Propose Making 2011 Tax Hike Permanent

Gov. Pat Quinn is expected to propose making Illinois’ temporary income tax increase permanent in order to avoid massive budget cuts when he presents his election year budget address Wednesday, according to lawmakers briefed on his plans.

03/26/2014

(Credit: Thinkstock)

State School Chief: $1B In Education Cuts Would Be ‘Devastating’

Illinois State Board of Education Superintendent Christopher Koch had sought a $1 billion increase in his department’s budget for next year. Instead, lawmakers have recommended a $1 billion decrease as part of a preliminary budget blueprint.

03/13/2014

Illinois State Capitol

Budget Watchdog Has Plan To Fix State Finances

More than three weeks ahead of the governor’s budget address, a government watchdog group has issued its own plan for bringing state finances back to good health.

03/03/2014

Illinois State Capitol

Government Panel Predicts $1.6B Drop In State Revenue

The drop in revenue reflects an expected decrease in the state’s income tax. The temporary hike is scheduled to drop from its current 5 percent to 3.75 percent next January.

02/05/2014

Illinois State Capitol

Child Advocacy Group Warns Of Impact Of Expiring Tax Hike

With a 2011 state income tax increase set to expire at the end of the calendar year, the governor and Illinois lawmakers are facing a huge drop in state revenue, which would affect many social service groups that rely on the state for funding.

01/20/2014

Gov. Pat Quinn (Credit: CBS)

Appeals Court Denies Quinn’s Latest Bid To Block Lawmakers’ Pay

Gov. Pat Quinn lost another round in his bid to block lawmakers’ paychecks until they send him a pension reform plan, when the Illinois Appellate Court denied his request to stop legislators from getting paid.

09/27/2013

Gov. Pat Quinn (Photo by Streeter Lecka/Getty Images)

Quinn Suspends Lawmakers’ Pay Over Pension Stalemate

Seeking to pressure lawmakers into acting on comprehensive pension reform, Gov. Pat Quinn used his budgetary veto powers on Wednesday to suspend legislative salaries until they come up with a plan.

07/10/2013

Illinois House Floor

State Lawmakers Move Forward With $53B Budget Plan

The Democrat-controlled Legislature began piecing together a new state budget Tuesday that avoids the steep cuts of recent years and also gave final approval to a historic expansion of Medicaid, as Republicans accused their colleagues across the aisle of having “an insatiable appetite to spend money we don’t have.”

05/29/2013

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