illinois budget

Statehouse
5:53 pm
Mon June 9, 2014

Governor Approves Supplemental Budget For Current Year

Illinois Gov. Pat Quinn has signed legislation allowing the state to spend an additional $1.8 billion in the current budget year.  

The measure passed the Legislature before the General Assembly adjourned for the spring last month.  It adds to the $35.4 billion 2014 budget lawmakers approved last May.  

Rep. Greg Harris is a Chicago Democrat and a House budget negotiator. He says the state had higher-than-projected revenue, thanks to an improved economy that generated more sales and income tax than was anticipated.  

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Statehouse
3:17 pm
Mon May 19, 2014

Rauner Blasts House Democrats On Budget Process

Bruce Rauner
Credit WUIS

Republican gubernatorial candidate Bruce Rauner is criticizing House Democrats for adopting budget measures without an approved plan to pay for them.  

Rauner talked to reporters in Northbrook Monday as Democratic Gov. Pat Quinn was set to meet with lawmakers in Springfield. The Chicago Sun-Times reports Rauner calls this year's budget process ``playing political games'' and ``showing a lack of leadership''  
 Last week, the House approved budget measures contingent on an income tax increase extension. It rolls back in January, creating a $1.8 billion hole.  

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State Budget
6:15 am
Mon March 17, 2014

Sin Taxes Won't Solve Illinois' Budget Troubles

Prof. Julian Reif
Credit IGPA

When Illinois lawmakers are in need of more revenue, they often turn to sin.  

Sin taxes, that is. 

Those are taxes placed on items that can be considered undesirable, like cigarettes, alcohol or gambling.  

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Statehouse
7:19 am
Mon March 10, 2014

Illinois Pays Penalty For Bad Fiscal Image

Professor Martin Luby
Credit igpa

When it comes to finances, the State of Illinois has a poor reputation.   New research shows how the state's negative perception is costing taxpayers. 

Illinois already has the worst credit rating among states.  And while that adds to the cost of borrowing money, Illinois winds up paying even more because investors view it as risky of default.

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Harvest Desk
8:42 pm
Thu March 6, 2014

Harvest Blog: State Lawmakers Munch (Free?) Lunches

a-tisket, a-tasket, a policy-shaping basket?
Credit openclipart.org

When the "lobbyist" armed with a free basket of treats is a smiling farm kid, what state lawmaker could say no to the gift? 

That was the scene at Ag Lobby Day in the Illinois State Capitol, its rotunda invaded by a veritable army of bushel basket-toting FFA members.

The FFA lunch hour food distribution lent some younger voices to the chorus of voices advocating on behalf of Illinois agribusiness.

But if anyone knows there's "no such thing as a free lunch", it's farmers.

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