illinois budget

Statehouse
7:37 am
Tue March 24, 2015

Lawmakers To Discuss House Plan To Fill Budget Hole

Lawmakers are scheduled to consider a new plan introduced by House Speaker Michael Madigan to end weeks of negotiations over plugging a $1.6 billion hole in this year's state budget.

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State Week
2:17 pm
Tue March 17, 2015

Listen to State Week - March 13, 2015

Credit Dan LoGrasso / WUIS

Arguments before the Illinois Supreme Court on the state's pension reform law.

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State Week
1:47 pm
Fri March 6, 2015

Listen to State Week - March 6, 2015

Credit Dan LoGrasso / WUIS

This week, continuing debate among lawmakers over how to fix the state's budget woes, a Senate plan to sweep special funds into the general revenue fund for FY2015, and Governor Rauner continues to push for "right to work zones".

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State Week
1:44 pm
Fri February 27, 2015

Listen to State Week - February 27, 2015

Credit Dan LoGrasso / WUIS

This week, continuing concerns over the state's budget, Governor Rauner holds his first cabinet meeting, and Rahm Emanuel faces a run-off election in his bid to remain Mayor of Chicago.

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State Week
1:29 pm
Fri February 20, 2015

Listen to State Week - February 20, 2015

Credit Dan LoGrasso / WUIS

This week, discussion of Governor Bruce Rauner's state budget plan.

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Illinois Issues - Leadership
1:25 pm
Thu February 12, 2015

Civic Federation Advocates Taxing Retirement Income, Raising Income Tax

Credit wnij

Next week, Gov. Bruce Rauner will unveil his spending proposal. The non-partisan Civic Federation has some suggestions.

The Civic Federation’s Director, Laurence Msall, says Illinois’ budget isn’t just in bad shape; its condition is terrible ... and climbing out of it won’t be easy.

“These are not politically attractive answers. There are financial, reality-based suggestions on how the state can stabilize its finances,” he says.

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State Week
5:55 pm
Fri January 23, 2015

Listen to State Week - January 23, 2015

This week, Governor Bruce Rauner gave a glimpse of what he may say during his State of the State Address.  Also, questions about Rauner's claims that he's putting his personal investments in a "blind Trust".

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State Week
1:43 pm
Fri December 5, 2014

Listen to State Week - December 5, 2014

Credit Dan LoGrasso / WUIS

The two-year session of the 98th General Assembly comes to a close.

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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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Illinois Issues
12:00 am
Sun April 1, 2012

Fund Sweeps: Special Funds Blur the Budgetary Process

Credit WUIS/Illinois Issues

In February, when Gov. Pat Quinn presented his spending plan for next fiscal year, all eyes were on his budget proposal. But most people — politicians, reporters and Statehouse commentators alike — only focus on four out of hundreds of funds when it comes time to craft the state’s budget each year.

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Illinois Issues
12:00 am
Sun January 1, 2012

Editor's Note: Gridlock Stops Progress at State and Federal Levels

Dana Heupel
Credit WUIS/Illinois Issues

Now is the time when many publications proclaim their choices for “___ of the Year.” My pick for the 2011 word of the year is “gridlock.”

 

Gridlock is no longer just what motorists experience at rush hour; it’s also the inability of the federal and state governments to initiate potential solutions to the most critical problems of the day.

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Illinois Issues
12:00 am
Thu September 1, 2011

Localized Disease: When the State Budget Suffers, Municipalities Feel the Pain, Too

Credit WUIS/Illinois Issues

“I told them, ‘It’s going to get worse before it’s going to get better,’” Sen. John Sullivan, a Democrat from Rushville said of a recent string of a dozen town hall meetings where he explained state budget cuts to voters in his district. 

After lawmakers trimmed the state budget this spring, local governments — many of which have seen their own budget shortfalls during the recent economic crisis — will feel an even greater pinch as the reductions trickle down. 

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