SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
Fun with numbers

Wednesday, Feb 5, 2014

* From Illinois Watchdog

[Rep. John Bradley’s] panel has already said the state will have about $34.4 billion to spend next year. The current state budget spends $36 billion. But Illinois has $42.6 billion in bills.

Illinois Comptroller Judy Baar Topinka’s office said there are $6.6 billion in unpaid bills either at the comptroller’s office or inside state agencies.

Lawmakers don’t know how they will stretch $34 billion to cover $42.6 billion in obligations. […]

It will likely take a tax increase to make up the rest.

That’s just plain ridiculous.

Adding the entire stack of unpaid bills to next fiscal year’s “must pay” obligation to make the situation look even more dire than it already is and then predicting a gigantic tax increase to pay it all off is fantasy analysis.

- Posted by Rich Miller        


8 Comments
  1. - wordslinger - Wednesday, Feb 5, 14 @ 12:29 pm:

    How does he conclude that the $6.6 billion in unpaid bills is not included in the $36 billion of appropriations?

    Did he run that by anyone?

    Who else says there will be a tax increase, other than him?


  2. - Formerly Known As... - Wednesday, Feb 5, 14 @ 1:36 pm:

    With Madigan cutting taxes all of a sudden, who knows where things will wind up?

    If Illinois is cutting taxes for corporations and doing nothing about the 2/3 who pay no taxes at all, then taxpayers should receive a tax cut as well.


  3. - Gabe - Wednesday, Feb 5, 14 @ 1:51 pm:

    That’s IW’s “Citizen Journalism” at its finest. Yount’s phone number is one that always gets a chuckle and an ignore when it comes up.


  4. - Vinny - Wednesday, Feb 5, 14 @ 2:51 pm:

    As nice of a guy as Yount may be, this is what most of his and Watchdog’s reporting is-stretching facts to fit a conservative agenda. This is a prime example. Another is that nonsense about how the cold weather emergency somehow proved that most government employees are expendable.


  5. - walker - Wednesday, Feb 5, 14 @ 3:03 pm:

    You don’t just add one number to the other, and assume that totals to the revenue we need. The “appropriate” level of outstanding bills at any one time for the state is about $3B, matching the timeliness requirements set to avoid penalties, and the performance of the best private sector organizations. If we want to catch up, we aim for around that number.

    What “panel” is he talking about? The COGFA revenue forecast that is the starting point for budgeting?


  6. - Hit or Miss - Wednesday, Feb 5, 14 @ 4:21 pm:

    “the state will have about $34.4 billion to spend next year. The current state budget spends $36 billion”

    Given the above and the move to cut taxes by MJM, there appears to me to be a budget problem even if none of the billions in unpaid bills are paid. As I see it, the options the GA has are increased taxes rather than tax cuts, spending cuts, or some combination of the two.


  7. - Arthur Andersen - Wednesday, Feb 5, 14 @ 5:34 pm:

    Quite a bit of his “financial” pieces are painful to read. He had one recently about State pensioners doubling their money in four years or the like.


  8. - wordslinger - Wednesday, Feb 5, 14 @ 5:51 pm:

    AA, I never pay much attention to this dude, but from what I’ve seen, numbers ain’t his game.

    Where are the editors, anymore, anywhere, anyhow?


Sorry, comments for this post are now closed.


* Reader comments closed for the weekend
* SUBSCRIBERS ONLY - More on the state grant suspensions
* SUBSCRIBERS ONLY - Fundraiser/event list
* How can we miss you if you won't go away?
* Question of the day
* Supreme Court justice ordered to testify
* Chicago downgraded
* Today's number: 4-6 weeks
* SUBSCRIBERS ONLY - Human service cuts and state grant suspensions
* Stating the obvious
* *** UPDATED x1 - Double-down *** They really make this too easy...
* Crain's: "Market-based" solution is rigged
* *** UPDATED x1 *** Even more problems for Schock
* Yesterday's blog posts

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............

...............

...............

...............

...............

...............


Search This Blog...

Search the 98th General Assembly By Bill Number
(example: HB0001)

Search the 98th General Assembly By Keyword

          
        * Sony Does A Tablet With An Add On Bluetooth Keyboard
        * MWC 2015: Watch the action unfold on our live social wall!
        * Jolla Partners To Build Secure Version Of Its Sailfish Mobile OS
        * Metaio’s Thermal Touch Gets A Little Bit Smaller At MWC 2015
        * Silent Circle Outs Blackphone 2, Blackphone+ Tablet As It Zeroes In On Enterprise Security
        * Nokia N1 first impressions from MWC 2015 (Video)
        * Achieve more with Microsoft and Lumia

        * ZTE Grand S3 Features An Eye Scanner
        * Movius’ myIDs Secure To Be Shown With Samsung KNOX At MWC
        * Windows 10 Insiders: 2.8 Million And Counting
        * Nokia, NTT DoCoMo Showcase 5G High Speed Data Transmission
        * Google+ Splits Into Google Photos and Streams
        * Google Camera Takes On Amazon Rainforest At Ultra Fast Speeds
        * Audience N100 Chip Aims At Natural User Experience

        * Minnie Miñoso an all-time great, all of the time
        * No one meant more to White Sox than Minoso
        * Beckham getting work around infield
        * Beloved Minnie was a Chicago treasure
        * Baseball mourns the loss of Mr. White Sox
        * White Sox players remember Minoso
        * Rodon will take Sale's spot in Cactus rotation

        ...............


        Main Menu
        Home
        Illinois
        YouTube
        Pundit rankings
        Obama
        Subscriber Content
        Durbin
        Burris
        Blagojevich Trial
        Advertising
        Updated Posts
        Polls

        Archives
        February 2015
        January 2015
        December 2014
        November 2014
        October 2014
        September 2014
        August 2014
        July 2014
        June 2014
        May 2014
        April 2014
        March 2014
        February 2014
        January 2014
        December 2013
        November 2013
        October 2013
        September 2013
        August 2013
        July 2013
        June 2013
        May 2013
        April 2013
        March 2013
        February 2013
        January 2013
        December 2012
        November 2012
        October 2012
        September 2012
        August 2012
        July 2012
        June 2012
        May 2012
        April 2012
        March 2012
        February 2012
        January 2012
        December 2011
        November 2011
        October 2011
        September 2011
        August 2011
        July 2011
        June 2011
        May 2011
        April 2011
        March 2011
        February 2011
        January 2011
        December 2010
        November 2010
        October 2010
        September 2010
        August 2010
        July 2010
        June 2010
        May 2010
        April 2010
        March 2010
        February 2010
        January 2010
        December 2009
        November 2009
        October 2009
        September 2009
        August 2009
        July 2009
        June 2009
        May 2009
        April 2009
        March 2009
        February 2009
        January 2009
        December 2008
        November 2008
        October 2008
        September 2008
        August 2008
        July 2008
        June 2008
        May 2008
        April 2008
        March 2008
        February 2008
        January 2008
        December 2007
        November 2007
        October 2007
        September 2007
        August 2007
        July 2007
        June 2007
        May 2007
        April 2007
        March 2007
        February 2007
        January 2007
        December 2006
        November 2006
        October 2006
        September 2006
        August 2006
        July 2006
        June 2006
        May 2006
        April 2006
        March 2006
        February 2006
        January 2006
        December 2005
        April 2005
        March 2005
        February 2005
        January 2005
        December 2004
        November 2004
        October 2004

        Blog*Spot Archives
        November 2005
        October 2005
        September 2005
        August 2005
        July 2005
        June 2005
        May 2005

        Syndication

        RSS Feed 2.0
        Comments RSS 2.0
        WordPress

        Loading


        * Who’s Scarier: Scott Walker or ‘Jihadi John’?..
        * Illinois lawmakers to propose measure to battle.....
        * Rauner budget could mean fewer Amtrak trains..
        * Wrestling a bloated university system..
        * Chicago's Fiscal Freefall: Moody's Cuts Chicago.....


        * Illinois lawmakers to propose measure to battle heroin abuse
        * Lady Gaga, Vince Vaughn take charity polar plunge in Chicago
        * Major league baseball's 1st black Latino star Minoso dies
        * Garage fire victim died of smoke inhalation, burns
        * Rauner budget could mean fewer Amtrak trains
        * President Obama remembers Minnie Minoso as 'Mr. White Sox'
        * Peoria police expand use of gunshot detection technology
        * 16-year-old boy charged with murder in Aurora shooting death
        * Pipeline may carry crude oil through southern Illinois
        * Illinois hunters, outdoorsmen hope for ally in Rauner

        * Hunters, outdoorsmen hope for ally in Rauner
        * Tim Butler, congressional staffer, selected to fill former Rep. Rich Brauer's seat
        * Schock reimburses costs for lavish 'Downton Abbey' office decor
        * Brauer replacement could be chosen as early as Saturday
        * Quinn advocates consumer rights, blasts Rauner's budget
        * Rauner says he's 'staying out' of Chicago mayor's race
        * Quinn advocates consumer rights in Loyola speech
        * Judge won't delay sentencing for former state lawmaker Farnham
        * Lt. Gov. Sanguinetti says GOP should court women, Latinos
        * Explore salary information for the state of Illinois

        * Illinois hospitals, health care groups oppose Rauner's cuts to managed care
        * Why even mid-sized trading firms are hurting
        * What's happening with Chinatown's Tony Hu?
        * What's going on at Quick Leonard Kieffer?
        * National Louis University's radical rethink


          * String of residential burglaries hit North, West sides
          * CTA to double speed of some downtown buses that crawl at 3 mph
          * 2 men hurt in shootings on Far South, Northwest sides
          * Traveling Negro Leagues exhibit will be dedicated to Minnie Minoso
          * Missing boy, 12, located
          * Coaching legend Gillespie dies at 88
          * $75K bail for alleged DUI motorist accused of injuring elderly man
          * Autopsy: Minoso died from tear in pulmonary artery
          * Fans of Minnie Minoso pay tribute to player, baseball ambassador
          * Wis. Gov. Walker changes mind about immigration, now rejects 'amnesty'


          * Will Rauner Get Tough On Getting Tough On Crime?
          * AP: Lawmaker Aaron Schock billed private planes, concerts to taxpayers
          * White Sox icon Minnie Minoso dies
          * Chronic Mismanagement Drove State Into Its Fiscal Mess
          * People
          * Essay – Cashing In On Cutting Carbon
          * Lawmakers Aim To Prohibit Sexual Orientation Conversion Therapy For Minors
          * Legislative Checklist March 2015
          * Lincoln Lore
          * Illinois Not Alone In Post-Recession Budget Woes


          * Jorge Chapa: Illinois' majority-minority future and the age-race shift
          * Quote of the Day: Monday, March 2, 2015
          * Hunters, outdoorsmen hope for ally in Rauner
          * Our Opinion: Looking for the leaders among Springfield's candidates
          * Statehouse Insider: That's not a nice thing to say
          * Rep. Rodney Davis and Rep. Mike Bost: Strong financial markets benefit Illinois
          * Quote of the Day: Sunday, March 1, 2015
          * Bernard Schoenburg: Report talk of Houston fundraiser just 'secondhand' info
          * Scott Zeramby: Consider the environment as marijuana industry emerges in Illinois
          * Tim Butler, congressional staffer, selected to fill former Rep. Rich Brauer's seat


          * Teaching in the Digital Age
          * Decatur man's fascination with Sir Arthur is elementary
          * March is Severe Weather Preparedness Week
          * Wrestling a bloated university system
          * Raymond McIntyre
          * Howard Johns
          * Dale Mason
          * Kevin Baker
          * Ralph Spring
          * Rebecca Francis


          * Di Maria, Mata failing to live up to price tags at United
          * Construction picks back up, but it's a different gig now
          * Small SUVs, pricey sports cars to dominate Geneva auto show
          * Knox County officials approve courtroom renovations
          * Lincoln library event to celebrate women in Illinois history

          * Congressman calls for removal of police co...
          * Congressmen Plan House Speech on Chicago's...
          * Sri Lanka's Downward Spiral - Foreign Policy
          * Davis To Obama: 'Do Everything In Your Pow...
          * David Jolly, Danny Davis Team Up on Suicid...
          * Health officials and activists observe Nat...
          * REP. DANNY K. DAVIS NOW SUPPORTS DR. WILLI...
          * Danny Davis Defeats Robert Bumpers In Illi...
          * Rep. Danny Davis Hopes to Keep His Seat fo...
          * Illinois House Dems agonize over vote to f...

          * USDA urged to create pathogen standards fo......
          * Democrats caught between Obama-Netanyahu f......
          * Senators introduce bill to lift Cuba trade......

          * AIPAC’s three-pronged lobbying plan: Iran,......
          * Homeland Security funding drama darkens U.......

          * Northbound Red Line Trains Bypassing Uptown/Edgewater Stations This Weekend
          * CPAC 2015: Hispanic Leader Calls on Conservatives to Take Lead on Immigration
          * Unlikely Hero Does the Right Thing After Hundreds Pass Right On By
          * Americans Were Asked If They Think Obama Loves America. He May Not Love the Results.
          * Grandma Who Thinks She’s Watching Her Granddaughter Graduate From Afar is in For A Big Surprise
          * Kirk Condemns ISIS Kidnapping of Hundreds of Assyrian Christians
          * Scott Walker's response to a heckler brought crowd roaring to their feet
          * ISIS Destroys Archaeological Treasures in Mosul
          * Vince Vaughn Makes Plunge Into Icy Water of Lake Michigan
          * Minority Leader Durkin calls for end to lame duck sessions


          * IEMA Urges People to Prepare for Severe Weather - Tornadoes, floods and severe storms can happen any time of year
          * IDHS helps more than 5,000 individuals with disabilities find jobs - Program offers necessary tools to earn a living wage and become more independent
          * 24th Anniversary Desert Storm Remembrance Ceremony
          * Illinois Department of Human Rights Announces 2015 Spring Training Schedule
          * Snow and Freezing Rain to Impact Travel in Illinois - IDOT Crews Prepared to Battle Winter Weather this Weekend




              Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller