Illinois State Budget
A future Chicago casino could generate much-needed revenue and draw crowds to city hotels and restaurants, tourism experts testified Monday during a gambling expansion hearing that comes as state legislators stare down a budget deadline and fresh concerns about finding new funding sources.
A respected budget watchdog group has come out with a sharply critical analysis of Gov. Bruce Rauner’s fiscal plan for Illinois.
The governor’s proposed budget would save approximately $600 million a year, by reducing the income tax revenue usually shared with municipal governments from 8 percent to 4 percent.
House Speaker Michael Madigan formed the budget oversight panel after Rauner suspended $26 million in social services and public health grants as part of his push to reduce a $1.6 billion shortfall in the state budget. Lawmakers requested the documents during a Tuesday morning meeting.
Nearly 600 of the 800 Illinois school districts will have $97 million in state funding restored after a budget deal brokered last month between Gov. Bruce Rauner and legislative leaders cut money for education, with about one-third going to Chicago schools and the rest scattered among the other districts.
The move, signed into law by Gov. Bruce Rauner on Thursday, digs into some of the largest piles of money in the state, including one intended to pay for highway construction, and some lesser known funds, such as ones to promote renewable energy sources and oversee the disposal of used tires.
Cook County Sheriff Tom Dart has criticized Gov. Bruce Rauner’s budget cuts, saying the governor’s fiscal plan will end up costing the state a lot more money in the long run, and needlessly send more people to jail.
In an early major test of Illinois’ newly divided government, the Senate passed a compromise plan Thursday to plug a $1.6 billion hole in this year’s budget and avert shutdowns of state programs and services.
Legislation proposed by Democratic House Speaker Michael Madigan and backed by Republican Gov. Bruce Rauner passed the House early Tuesday afternoon with bipartisan support, including 46 of the chamber’s 47 Republicans.
The Legislature faces a fast-approaching deadline to act as money runs out for subsidized childcare programs, prisons, and court reporters.
Rev. Michael Pfleger, pastor of St. Sabina Church, said “this is not a cute little rally” that brought out a large crowd to the Thompson Center, which has offices for multiple state agencies, including the governor’s office.
The region’s top transit official warned Thursday that CTA, Metra, and Pace fare hikes and service cuts would be “difficult to avoid” if the legislature enacts budget cuts proposed in Gov. Bruce Rauner’s budget.
People in wheelchairs, people with guide dogs, and others representing those who need social services packed an Illinois Senate committee hearing room on Monday to testify about the impact of Gov. Bruce Rauner’s proposed budget cuts.
The draconian cut in state aid to the CTA proposed in Gov. Bruce Rauner’s budget might be even bigger than first thought.
Mayoral challenger Jesus “Chuy” Garcia said Mayor Rahm Emanuel needs to answer tough questions about how he plans to handle the city’s financial woes.
Mayors in the Chicago area were none-too-pleased when Gov. Bruce Rauner proposed cutting in half the amount of income tax revenue the state sends to municipal governments in Illinois, and they’re teaming up to let him know.
For the first time since leaving office, former Gov. Pat Quinn was back in the public eye, and he pulled no punches regarding his successor’s budget plans.
Watchdog groups from across the political spectrum agree Gov. Brucer Rauner’s new budget proposals grapple with the serious fiscal problems gripping the state, but they differ about whether the plans to cut billions in spending will fly.
Delivering his first budget address since winning office last fall, Gov. Bruce Rauner said his plan would end “the irresponsible and reckless practices of the past.” He said lawmakers must be willing to make politically unpopular decisions to close a more than $6 billion budget hole next year.
A day after outlining an ambitious agenda for his first year in office, Illinois Gov. Bruce Rauner Thursday was confronted with a state budget that is millions of dollars short for programs such as subsidized day care that are rapidly running out of money.