Budget

Governor Talks Budget, Executive Authority, Relationship with Lawmakers

Mar 16, 2021
Capitol News Illinois file photo

Pritzker’s Office Says No Tax Hikes, Flat Spending in Upcoming Budget

Feb 9, 2021
People
Capitol News Illinois file photo

Gov. JB Pritzker’s office says he will propose a budget with no tax increases for the upcoming fiscal year, and the deficit is now projected at about $2.5 billion less than previously thought.

The governor introduces his proposed budget each year, but lawmakers in the General Assembly have the ultimate say as to what funding gets appropriated. Pritzker is scheduled to outline his full budget proposal on Feb. 17 in a virtual message, although details have not been finalized, according to his office.

GOP Lawmakers Raise Concerns About ‘Decoupling’ Bill

Jan 22, 2021
Blueroomstream.com

A bill endorsed by Gov. JB Pritzker that would eliminate expanded federal tax deductions for businesses created under the CARES Act, failed to pass in the lame duck session.

While Pritzker has said he’s confident it will come up for a vote in the upcoming regular session, Republican lawmakers are raising concerns about the impact the bill would have on small business owners, potentially affecting 440,000 taxpayers statewide.

  Illinois House Republicans say they’re still waiting on Gov. JB Pritzker to propose specific spending cuts to the state’s current year state budget, which is $4 billion out of balance.

Pritzker Orders More Than $700 Million in Spending Cuts

Dec 15, 2020
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Blueroomstream.com

Gov. JB Pritzker announced more than $700 million in spending cuts on Tuesday, calling it a “first step” in closing a $3.9 billion revenue shortfall in the current fiscal year’s budget.

Madigan Floats Income Tax Increase; GOP Leader Asks for Spending Cuts

Dec 8, 2020
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Capitol News Illinois file photo by Jerry Nowicki

As the state government attempts to close a multi-billion-dollar budget hole, Democratic House Speaker Michael Madigan has said he is prepared to vote for an increase to the state’s flat income tax rate should the governor request it — a proposal met with pushback from his Republican counterpart, House Minority Leader Jim Durkin.

Forecasters Project Long-Term Deficits, Growing Bill Backlog

Nov 16, 2020
Blueroomstream.com

A new report from the Governor’s Office of Management and Budget shows that without significant new revenue, spending cuts or a combination of both, the state will face a budget deficit of $3.9 billion in the current fiscal year and continuing deficits of $4 billion or more in each of the next five fiscal years.

It also projects that the state’s backlog of unpaid bills could grow to as much as $33 billion by fiscal year 2026, up from the current backlog total of about $7.8 billion, if lawmakers do not make structural changes.

Paul Simon Public Policy Institute

A former Illinois governor says the failure of the proposed graduated income tax leaves some incredibly difficult choices for state lawmakers.

State Gambling Revenues Plummet During Pandemic

Oct 5, 2020

Revenues flowing into state coffers from legalized gambling operations plummeted during the fiscal year that ended June 30 as casinos, racetracks and other video gambling venues were forced to close during the COVID-19 pandemic.

In the midst of a global pandemic, despite social distancing, and all while wearing face masks, Illinois state lawmakers approved a new state budget over the weekend totaling $43 billion. But that budget won’t be possible without heavy reliance on the federal government.

Illinois lawmakers have approved a $40 billion state budget and a plan to address tax rates for a casino expansion during a whirlwind special session held amid the coronavirus pandemic. 

Illinois House Speaker Michael Madigan, along with other legislative leaders, are "ready to convene" a special session as early as next week, according to letters sent to lawmakers and shared with the media.

SIU Trustees and administrators say they're doing the best they can to respond to COVID-19's effects on the university, as well as plan for numerous future scenarios.

Missouri lawmakers are headed back to the state capitol Monday to pass a state budget by May 8. 

The coronavirus has left the 2020 legislative session in limbo, and there’s still serious concerns about spreading the virus. But House Speaker Elijah Haahr said it’s imperative to get a budget complete. 

“Our constitution doesn’t allow us to do anything but to pass it by May 8,” said Haahr. 

Illinois will likely take in $2.7 billion less this fiscal year, which ends in June, and another $4.6 billion less next fiscal year – all fallout from the ongoing coronavirus pandemic.

The ongoing COVID-19 pandemic could end up costing Illinois state government as much as $28 billion in revenue over the next few years. That’s just one of the key takeaways from the latest report from the University of Illinois’ Institute of Government and Public Affairs.

Even though Gov. J.B. Pritzker says school funding is one of his top priorities, Republican lawmakers are criticizing his budget proposal, which could significantly cut promised funding if voters don’t approve the graduated income tax in November.

Illinois Gov. J.B. Pritzker is already making plans to spend money from a significant change in the state income tax, even though it can only happen if voters agree to amend the Illinois Constitution this November.

A significant chunk of Pritzker’s annual budget proposal, delivered Wednesday, depends on the governor's graduated income tax.

Governor Pritzker's remarks as prepared for delivery:

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jbpritzker.com

CHICAGO (AP) — Illinois Gov. J.B. Pritzker has spent at least $3 million of his own money for state expenses including staff raises and building renovations. 

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Family Counseling Center, Inc.

A statewide commission that will make recommendations to the Illinois governor and state lawmakers on policies for young people will have a representative from southern Illinois.

State lawmakers are now formally considering legislation to pool the resources of nearly 650 local Illinois police and fire department pension funds.


State agencies are getting a warning from Illinois Gov. J.B. Pritzker’s budget office: Be prepared to make significant cuts next year.

SIU Trustees say they're making progress on numerous initiatives, and hope to see more progress in the coming months.

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Southern Illinois University

SIU Trustees pored over enrollment and budget updates from each campus during a working session Wednesday, and leaders on the Board say they're pleased to see some progress.

Illinois state government is getting a slightly better assessment from one of the major credit rating agencies.

Six new casinos are planned for Illinois. Lawmakers expect hefty tax revenue, but the casinos also raise the risk of problem gambling. 

Illinois Gov. J.B. Pritzker Friday signed into law a long-awaited $45 billion infrastructure plan.

Illinois is investing tens of millions of dollars to make sure no one is missed in the 2020 census.

State lawmakers included $29 million in the budget. The majority of the money will go to community groups to educate the public on how the census works and how the government uses the information it collects, according to Sol Flores, a deputy governor leading the census efforts.

She said about 10 percent will be earmarked for radio, television and online ads encouraging census participation. And a small amount will go to the administration of the grants and ad campaign.

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SIU

WSIU's Jennifer Fuller talks with Interim SIUC Chancellor John Dunn.


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