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Tag Archives: General Assembly

#ILLINOIS FINANCES IN CRISIS

Illinois Comptroller Susana Mendoza says that new court orders in lawsuits filed by state suppliers that are owed money mean her office is required to pay out more than Illinois receives in revenue each month. Essentially, Mendoza says, the state is in “massive crisis mode,” and now has no money for discretionary spending, including school… read more

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WHAT’S IN A NAME?

The State Fair Foundation is awaiting word from Gov. Bruce Rauner’s legal office on whether approval is required from the Illinois General Assembly to sell naming rights to buildings on the fairgrounds in Springfield and DuQuoin. Regardless, said John Slayton, chairman of the foundation’s board, fundraising will continue. “We have four or five conversations going,”… read more

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RAUNER CALLS LAWMAKERS BACK TO SPRINGFIELD

Gov. Bruce Rauner Thursday called lawmakers back to Springfield for a special session to tackle Illinois’ two-year budget impasse. The special session will stretch from June 21 to June 30, keeping lawmakers in Springfield until the end of the current fiscal year. The governor’s decision came on the heels of an announcement that the Powerball… read more

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MOODY’S, S&P DOWNGRADE #ILLINOIS

Just hours after Illinois lawmakers missed the May 31 deadline for striking a budget deal, Moody’s Investors Service and S&P Global Ratings downgraded Illinois’ bond rating to one step above junk status. The agencies cited Illinois’ underfunded pensions and the record backlog of bills stemming from the state’s two-year budget impasse. Illinois now has the… read more

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NO BUDGET, AGAIN

#Illinois House Speaker Michael Madigan announced yesterday the House would not vote on a budget deal, missing the state’s May 31 deadline. With the impasse now stretching into its third straight year, this is the longest the state has gone without a spending plan since at least the Great Depression, and has had profound effects… read more

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IT’S (NON?)BUDGET DAY IN ILLINOIS

Illinois is hours away from missing its budget deadline, possibly sending the state into a third straight year without a spending plan. Though the fiscal year begins July 1, Illinois lawmakers hoped to vote on a budget deal by today because a three-fifths majority will be required to pass any legislation after May 31. The… read more

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‘GRAND BARGAIN’ FIZZLES AGAIN

Despite promises from lawmakers that they are close to a budget deal, the Illinois Senate did not vote on any part of the ‘grand bargain’ Thursday. The Senate made some progress Wednesday, voting in favor of a $36.5 billion spending plan, but then voted against a companion bill to apply some of the needed cuts…. read more

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BUDGET PLAN FALLS SHORT

An analysis of the Illinois Senate’s budget plan, conducted by the Governor’s Office of Management and Budget, found that the sweeping plan, which includes an income tax increase, still will leave a $4.3 billion deficit. According to the report, $4.4 billion in spending included in the proposed budget will far outweigh the expected $1.7 billion… read more

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DARIN LAHOOD STATE SENATE SEAT FILLED

Central Illinois has a new state senator: Chuck Weaver. The at-large Peoria city councilman was selected Sunday to fill out the remainder of Darin LaHood’s term in the Senate representing a district that includes parts of 10 counties. Weaver will serve through January 2017, as reported by the State Journal-Register.

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ILLINOIS BUDGET NO MOVE IN SIGHT

If there ever was any momentum to get a state budget in place, it has evaporated heading into the second quarter of the state’s fiscal year. After meeting nearly once a week during the early months of the stalemate, the Illinois House’s next scheduled meeting will be Oct. 20, followed by another one Nov. 10…. read more

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