Illinois State Budget
More than 500 people gathered outside the Thompson Center downtown this morning against budget cuts proposed by Governor Rauner. Demonstrators say the cuts squarely hit the most vulnerable people in the state.
House Speaker Michael Madigan (D-Chicago) planned to call for a vote on a $2.3 billion one-month budget to avoid the shutdown, but Gov. Bruce Rauner’s office has indicated he would veto any such measure.
It’s a race against the clock in Springfield, with lawmakers and Gov. Bruce Rauner facing a midnight deadline to reach a deal on the state budget so no state services are interrupted.
State workers might have to go without paychecks if lawmakers and the governor don’t reach an agreement on the budget in the next couple days. If a budget isn’t approved by the start of the next fiscal year on July 1, the state won’t be able to pay bills, including writing checks to employees.
The Chicago Board of Education is borrowing $1 billion. City Hall is contemplating a property tax hike. Cook County may raise the sales tax by one percent — again. But at Chicago’s mass transit agencies there is no panic and it is business as usual.
The governor blamed House Speaker Michael Madigan and Senate President John Cullerton for sending him a spending plan that is nearly $4 billion short on revenue.
The Illinois General Assembly makes what has become its weekly return to Springfield with a state budget still unresolved and only eight days before it’s due.
Illinois State Comptroller Leslie Munger told reporters Wednesday that if lawmakers can’t agree on a budget before the start of the July 1 fiscal year, state workers will start missing paychecks July 15 and state vendors won’t receive payments.
Even though Democrats control the House and Senate, and approved a budget plan that is more than $3 billion in the red, state Sen. Emil Jones III (D-Chicago) wasn’t prepared to say his party shares in the blame for the budget cuts.
Democrats who control the Legislature are advancing a 2016 budget that’s more than $3 billion short of anticipated revenues. Republicans have criticized the spending plan as irresponsible.
Illinois Democrats agreed to give some of Republican Gov. Bruce Rauner’s priority reforms a platform Wednesday but still voted them down in an exercise that could further fuel a politically charged standoff that’s expected to extend the summer.
Proposals addressing workers compensation, changes to the civil legal system and a freeze on property taxes are on the agenda Wednesday in Senate committees.
In Springfield today, accusations of a nonsensical political theater and a path to a phony budget as Republicans fired back at powerful House Speaker Mike Madigan, reports CBS 2 Chief Correspondent Jay Levine.
A standoff between Republican Illinois Gov. Bruce Rauner and majority Democrats is threatening to derail action on a long list of issues as lawmakers enter the final week of their spring session.
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.