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Tag Archives: state budget

CHIPPING AWAY AT THE BILL BACKLOG

Gov. Bruce Rauner today will go to the bond market to begin borrowing $6 billion to help pay down nearly $16 billion in overdue state bills. The state will seek a total of $1.5 billion in tax-exempt general obligation bonds today, followed by another $4.5 billion in bonds next week. (Chicago Tribune)

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MADIGAN OVERRIDE VOTE ON BUDGET VETO

House Speaker Michael Madigan said today he’s scheduled a vote to try to override Gov. Bruce Rauner’s veto of a major tax hike and spending plan for tomorrow afternoon. “The House will hold a vote on Thursday, July 6 to override the governor’s vetoes of the balanced budget sent to him,” Madigan said in a… read more

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HOUSE PASSES TAX HIKE, SPENDING PLAN

The Illinois House Sunday approved a major income tax hike and spending plan, as more than a dozen Republicans broke with Gov. Bruce Rauner and voted in favor of the legislation. The measure, which needed 71 votes to pass and received 72, increased the personal income tax from 3.75% to 4.95%. Rauner already has pledged to… read more

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ONE YEAR IN

In an interview with the Illinois News Network, Gov. Rauner says the state’s more than six month old budget crisis is causing people to find cost savings and rethink how government works, but it’s also harming the state’s most vulnerable

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AG ROUNDTABLE

The deputy director for the Illinois Department of Agriculture told the Illinois Ag Roundtable today that challenges will continue into 2016 without a state budget.

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ILLINOIS 911 FUNDING ON HOLD

Without a budget in place, emergency 911 telephone systems in every corner of the state are no longer receiving revenue from a tax on cellphone users. Under current state law, 911 fees for landline phones are paid to the country-level systems. But, fees for cellphones go into a statewide pool. Without a budget in place,… read more

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MORE CUTS AHEAD

This summer’s fairs, local University of Illinois Extension, and Soil and Water Conservation District (SWCD) work won’t receive state funding unless Gov. Bruce Rauner and the Illinois General Assembly agree on a new budget before July 1.  Details on FarmWeekNow.com.

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SPRINGFIELD UPDATE

Tuesday was another day and nothing the Governor is expected to support was accomplished in Springfield. With three weeks left before the next budget year is set to begin, a measure Democrats say mirrors Governor Bruce Rauner’s proposals on freezing property taxes while also addressing local control of prevailing wage was shot down with Republicans… read more

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BUDGET BATTLE

Gov. Bruce Rauner told his Cabinet members Wednesday that their jobs are about to become “even harder” because state agencies need to prepare for “the very real possibility” that they will have to run government without a budget amid an escalating standoff with Democrats who control the legislature.

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BUDGET BATTLE

Gov. Bruce Rauner’s administration is looking at raising co-payments for subsidized day care, closing youth prisons and state museums and grounding state airplanes if a balanced budget isn’t approved.

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