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
* CUB Poll: 84% Oppose Exelon Bailout - Solar Poll: 81% Oppose Demand Charges
* SUBSCRIBERS ONLY - New cable TV buys and fundraiser calendar
* Question of the day
* *** UPDATED x1 - Friends of the Parks responds *** Lucas pulls plug on museum
* "Dead. Yes, dead."
* Radogno shares some deets on stopgap, blames Chicago for holdup
* Maybe this will convince Democrats to cut a deal?
* Nobody's right if everybody's wrong
* Another way Chicago is behind the times
* More on that Cullerton meeting
* Creating a workaround for new CPS debt?
* Settlement talks in Duckworth case "initiated by the judge"
* Hostage dies
* Close on 6-month stopgap, not there yet on K-12
* 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

  
* You can help stop human trafficking with the TraffickCam app
* iPhone OLED progress, Alcatel Idol 4 retail & more – Pocketnow Daily
* Galaxy Note7 confirmed as device name, Samsung does indeed skip a number
* Incipio will purchase Skullcandy for $177 million
* Okay, we’ve seen this vivo X7 Plus before…
* Windows 10 Mobile also headed for AT&T Lumia 1520
* Google Support app may let Nexuses screen-share for assistance

* The other time the White Sox hit seven homers
* Less than 5 days left to cast your All-Star vote
* White Sox put on power show, but fall to Jays
* White Sox hit 7 HRs in loss, tie MLB record
* Sale sets sights on win No. 13 in series finale
* White Sox put on power show in loss
* Blue Jays 10, White Sox 8: How to hit seven homers and lose

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


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

Archives
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
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


* Blaming Rauner for Illinois' problems defies lo.....
* WIU President tells NAACP lack of state budget .....
* Five reasons why July 1 means more Illinois bud.....
* Our View: End pensions for all elected officials..
* Year two without Illinois state budget almost here..
* Voice of The Southern: Wanted: Courage..
* Op-Ed: Keep local governments operating..
* Which suburban candidates have more campaign mo.....
* Rauner Says A Stopgap Funding Deal Is Close - A.....
* Rauner signs ID law making Ill. comply with fed.....


* Economic woes cause drop in number of Illinois boaters
* Rauner signs ID law making Illinois comply with federal law
* Illinois police sue town, claim body cameras record nonstop
* Study: Rotting trees caused mysterious holes in huge dunes
* 1 dead, 1 injured after boats crash on Rock River
* US Rep. Duckworth settles workplace retaliation lawsuit
* Workplace retaliation lawsuit against Tammy Duckworth settled
* Chicago police arrest teen in slaying of city dispatcher
* Lucas abandons plan to build museum in Chicago after lawsuit
* Illinois women hit hard by state budget impasse

* Economic woes cause drop in number of boaters
* Chicago school money seen as potential deal-killer
* Chicago school money seen as potential state budget deal-killer
* Illinois women hit hard by state budget impasse
* Survey: Nearly 1 million human service clients affected by budget impasse
* Illinois lawmakers to reconvene Wednesday as budget deadline nears
* Illinois State Museum given path to accreditation
* Illinois insurance co-op sues feds over health law payments
* Gun bill at Illinois Capitol gets support from Rifle Association
* Budget standoff forces layoffs at Illinois child aid group

* Who's sitting in Chicago's cushiest board seats?
* The fall and rise of Chicago real estate in three acts
* At Chicago law firms, a salary war breaks out after years of deep freeze
* Why overbanked Chicago has even more banks
* One suburban manufacturer's answer to shortage of skilled workers


* Police: Man shot to death Greater Grand Crossing
* Two ‘aggressive’ suspects rob bank at gunpoint in Minooka
* Man shot in West Englewood
* Police: Man shot to death in car on West Side
* Police warn of home burglaries in Marquette Park
* Man robs Berkeley bank at gunpoint
* Man stabbed, critically wounded in West Pullman
* Man wounded in West Town drive-by shooting
* 21-year-old man killed in New Lenox crash
* One wounded in Pilsen shooting


* Old East Aurora High School stadium to get rousing farewell party
* The World's Ugliest Dog is blind, wears diapers and has an oozing sore
* 'Hamilton' to fundraise for Hillary Clinton with extra performance
* John Kerry on frantic 4-nation European trip after Brexit vote
* 2 dead, at least 21 wounded in shootings citywide
* LINDA C. BLACK HOROSCOPES for 6/26/16
* West Virginia areas hit by floods that killed 24 to get federal aid
* Traditional-style home in Winnetka: $2.79M
* Review: Martin Lawrence struts, talks raunch at Chicago Theatre
* Dating relationship put to test by contact with ex


* Economic woes cause drop in number of boaters
* Chicago school money seen as potential deal-killer
* Chicago school money seen as potential state budget deal-killer
* Angie Muhs: The threshold for national news on our front page
* Their View: Separation of powers prevails
* Statehouse Insider: Lawmakers coming back to Springfield? We're saved
* Bernard Schoenburg: Davis opposes school bathroom transgender rules from DC
* Dr. Rebecca Green: When will the gun madness end?
* Charles Krauthammer: Clinton offers empty rhetoric
* Illinois women hit hard by state budget impasse


* Getting Personal: Mike Metzler
* Letter from Birdland: A look at the colorful past, present of Ireland
* Susan McKinney: Eric Liddell: The runner who lived and died for God
* Reluctant Townie: It's my birthday and I'll write what I want to
* Kelly Strom: Behind the Music
* For the retirees, June 26-July 3, 2016
* Patricia Hruby Powell: Many voices tell of 'Incident on the Bridge'
* Library events, June 26-July 3, 2016
* Seoul: A city of contrasts
* Ted Kooser: An American Life in Poetry, June 26, 2016


* Vatican denies pope has 'Crusades' mentality over genocide
* Pope urges closer unity with Armenian church on final day
* Britain's Labour party leader fires shadow foreign secretary
* LEADING OFF: Strasburg scratched, Nats aim to end 7-game rut
* Pope nears Armenia's closed border with Turkey on last day

* House lawmakers overcome hurdle on key tra...
* Rodney Davis talks funding with Bloomingto...
* The agency that fought Illiana gets a new ...
* Rep. Dold takes educational cruise down Ch...
* Lawmakers decry high turnover rate of VA h...
* CBD Oil, and politics
* Simon considering state Senate bid
* Killer Congressman Tom MacArthur trying to...
* Shutdown? State may not notice
* Rep. Bob Dold

* Illinois to get $17 million for HIV assist......

* Duckworth Settles Workplace Retaliation Ca......

* #TestForFlu Bug Hits Town
* Edgewater Shooting Ends At Foster/Sheridan
* "We Are Uptown Proud!"
* More Words of Love on Sheridan
* UNO’s Rangel gets a slap on the wrist for charter scam.
* Six wealthy guys who lost billions yesterday.
* U.K. names for Donald Trump.
* Six U.K. names for Donald Trump.
* Trump raises questions about Chicago trader's top secret gig
* Durbin's part in the U.S. Senate anti-gun filibuster


* Emergency Management Officials, National Weather Service Encourage Winter Preparedness - November is Winter Weather Preparedness Month in Illinois
* Keep Your Family Safe This Winter - November through February are leading months for carbon monoxide related incidents
* Governor Takes Bill Action
* Illinois Department of Labor Director Hugo Chaviano Awards Governor’s Award for Contributions in Health and Safety to the Illinois Refining Division of Marathon Petroleum Company LP
* State Regulator Elected Treasurer of Interstate Medical Licensure Compact




Hosted by MCS -- CapitolFax.com Privacy Policy -- SUBSCRIBE to Capitol Fax -- Advertise Here -- Mobile Version -- Contact Rich Miller