state budget

State Week
5:24 pm
Fri December 19, 2014

Listen to State Week - December 19, 2014

Credit Dan LoGrasso / WUIS

A note that this week's State Week in Review was recorded before Governor Pat Quinn's announcement that he is appointing his budget chief, Jerry Stermer, to fill the office of state Comptroller.  Stermer will serve until Governor-elect Bruce Rauner takes office on Jan. 12, at which time the new governor will announce a full four-year replacement.

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State Week
2:17 pm
Fri June 6, 2014

Listen To State Week - June 6, 2014

Credit Dan LoGrasso / WUIS

A recap of the end of the just-completed Spring Legislative Session.

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Statehouse
6:56 am
Mon June 2, 2014

Legislative Recap: What Lawmakers Did & Didn't Do

Credit Brian Mackey/WUIS

The Illinois Legislature adjourned its spring session having passed a new state budget and other key measures, but leaving some business undone. Here's a look at what passed and what didn't:  
     BILLS SENT TO GOV. PAT QUINN:  
Budget: A roughly $35.7 billion budget for 2015 keeps funding flat for schools and most state agencies. Majority Democrats acknowledged the budget is ``incomplete'' because it postpones tough votes about whether to slash spending or find new revenue until after November's election.  

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State Week
2:27 pm
Fri May 30, 2014

Listen To State Week - May 30, 2014

Credit Dan LoGrasso / WUIS

As the Spring Session nears its end, the House and Senate agree on a state spending plan, but a decision on keeping the state income tax at its current level will probably be held off until after November.   Also, House Speaker Madigan suggests divorcing the Abraham Lincoln Presidential Library and Museum from the Illinois State Historic Preservation Agency.

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State Week
1:47 pm
Fri May 23, 2014

Listen To State Week - May 23, 2014

Credit Dan LoGrasso / WUIS

No agreement so far on a state budget, while debate continues on whether or not to make the temporary state income tax permanent.

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State Week
2:24 pm
Fri May 16, 2014

Listen To State Week - May 16, 2014

Credit Dan LoGrasso / WUIS

This week the Illinois House passed a spending bill that surpasses projected state revenues, leading to more debate over allowing the temporary income tax to expire.  Also, judicial action has put the state's pension overhaul on hold.

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State Week
1:37 pm
Fri March 7, 2014

Listen To State Week - March 7, 2014

This week, more discussion of the upcoming primary elections, gun rights activists press for fewer restrictions, and differences of opinion in the state legislature over next year's budget.

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Statehouse
7:17 am
Mon March 3, 2014

Civic Federation Has Plan To Balance Illinois Budget

Credit Civic Federation

The Civic Federation is releasing a new proposal it says will balance Illinois' budget, eliminate its bill backlog and reduce taxes.  

The plan includes capping spending to help the state pay off its $5.4 billion backlog of unpaid bills over the next five years.  

It also would extend the state's temporary income tax increase by a year before reducing tax rates gradually, and calls for taxing pension and social security income.  

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Fiscal Focus
4:30 pm
Tue October 29, 2013

Report: Deficit Expected Even If Tax Hike Stays

Credit flickr/borman18

  Even if Illinois keeps its higher income tax rate, a new report projects the state is headed toward deficit spending. 

Illinois residents are paying a 5-percent tax on their income. It's been that way since 2011.

According to a new report from the University of Illinois' Institute of Government and Public Affairs, that tax money helped balance Illinois' budget this year.

But economist David Merriman, who directed the project, says that won't last.

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