SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
House certifies revenue projections

Wednesday, Feb 26, 2014

* The House voted unanimously yesterday to pass a very important item

The House approved two resolutions, both of which say that the House believes there will be just less than $34.5 billion in revenue available to spend in the fiscal year that starts July 1.

That is about $1 billion less than what lawmakers thought would be available last year when they set about crafting the current state budget.

* Senate President John Cullerton’s earlier projection didn’t include additional spending pressures

State Rep. John Bradley, D-Marion, said the figure is a “cautious” estimate that does not take into account any possible savings from changes the General Assembly made to the state’s employee pension systems.

The pension overhaul currently is being challenged in court.

Lawmakers are ramping up their budget talks without input from Gov. Pat Quinn. The Chicago Democrat had been scheduled to introduce his budget blueprint last week, but postponed the plan until after the March 18 primary election.

Senate President John Cullerton, D-Chicago, predicted tough budget times in a recent speech, suggesting that the rollback of the tax hike combined with rising costs for a number of key state programs could create a $3 billion hole, leaving little money for new programs or to pay down a nagging pile of unpaid bills.

* And

In recent years, lawmakers have generally stuck to the spending number approved by the House when creating the budget.

The Governor’s Budget Office projects a revenue amount that is larger than the House’s number by $705 million. However, legislators said they are encouraged that Gov. Pat Quinn’s number is close to theirs. “And I want to compliment the governor’s office because their numbers were very similar to the COGFA numbers this time, and I find that very heartening because a lot of other times, they have been very far apart,” said Democratic Rep. Jack Franks of Marengo.

* Also

While Republicans joined in establishing the spending cap for fiscal year 2015, which begins July 1, they insisted their votes did not endorse anything beyond that estimate.

Rep. Jim Durkin, R-Western Springs, said he thought the revenue estimate was a “responsible number” but that it “doesn’t mean we’re supporting the budget.”

Discuss.

- Posted by Rich Miller        


14 Comments
  1. - Oswego Willy - Wednesday, Feb 26, 14 @ 12:03 pm:

    ===Rep. Jim Durkin, R-Western Springs, said he thought the revenue estimate was a “responsible number” but that it “doesn’t mean we’re supporting the budget.”===

    Nicely played, Leader Durkin.

    Be an Adult, be a partner, bd a worthy opponent.

    Keep doing your business as you are, and your hard work is going to pay off.


  2. - wordslinger - Wednesday, Feb 26, 14 @ 12:52 pm:

    Proceeding under the assumption that much of the tax increase will expire. That’s the responsible thing to do.

    I don’t think it’s a slam dunk that the taxes will be extended in a lame-duck session.


  3. - Formerly Known As... - Wednesday, Feb 26, 14 @ 1:25 pm:

    === a “cautious” estimate that does not take into account any possible savings from changes the General Assembly made to the state’s employee pension systems ===

    Also a smart decision. Glimpses of maturity and responsibility in Springfield? Stunning.

    === Lawmakers are ramping up their budget talks without input from Gov. Pat Quinn. The Chicago Democrat had been scheduled to introduce his budget blueprint last week, but postponed the plan until after the March 18 primary election. ===

    Yeah, about that “maturity and responsibility in Springfield”?

    I spoke too soon. Way too soon.


  4. - Walker - Wednesday, Feb 26, 14 @ 2:53 pm:

    Is this the part where Tom Cross “Treasurer” brings suit?

    Worked exactly as designed, to produce an agreed Revenue number, created by non-partisan professional staff and backed up by independent analyses, to begin the budget process.

    Now if the budgeted spending matches the projected revenues, you have produced a “balanced budget” to start the year.

    It neither adds nor subtracts from outstanding deficits, which still have to be addressed. If the revenues actually turn out differently, that is a different challenge to be met.


  5. - Langhorne - Wednesday, Feb 26, 14 @ 3:17 pm:

    In a former life, i was occasionally asked for budget process “reforms”. I would always suggest following the constitution. Ya know, staying within a genuine revenue estimate. $750 mil dif on a base this large is peanuts.


  6. - anon - Wednesday, Feb 26, 14 @ 3:36 pm:

    == I don’t think it’s a slam dunk that the taxes will be extended in a lame-duck session. ==

    I think it depends upon who wins the governor’s race. If a Republican wins, I doubt Madigan would take the heat for a partisan rollcall, while the governor-elect is raising holy hell about it.


  7. - wordslinger - Wednesday, Feb 26, 14 @ 3:39 pm:

    –If a Republican wins, I doubt Madigan would take the heat for a partisan rollcall, while the governor-elect is raising holy hell about it.–

    Madigan’s calling for reducing the corporate income tax even further. How do you square that with a higher individual rate?


  8. - Bill White - Wednesday, Feb 26, 14 @ 3:40 pm:

    === Is this the part where Tom Cross “Treasurer” brings suit? ===

    Can Tom Cross “Treasurer” dispute revenue projections that Tom Cross “IL House member” voted to approve?


  9. - Commander Norton - Wednesday, Feb 26, 14 @ 3:43 pm:

    Don’t forget the EITC proposal. It may not be doubled as Quinn wants, but there may be room for some sort of increase to be used as a bargaining chip. After all, when you can’t get to a graduated structure (and I really don’t think we’ll get there this year), an increase in the state EITC at least decreases the regressivity of the flat rate.


  10. - Joe M - Wednesday, Feb 26, 14 @ 3:51 pm:

    === Is this the part where Tom Cross “Treasurer” brings suit? ===

    I think you guys are giving more power and duties to the treasurer’s office that the office legally has.

    SECTION 18. TREASURER - DUTIES
    The Treasurer, in accordance with law, shall be responsible for the safekeeping and investment of monies and securities deposited with him, and for their disbursement upon order of the Comptroller.
    (Source: Illinois Constitution.)


  11. - UIC Guy - Wednesday, Feb 26, 14 @ 3:57 pm:

    ====the figure is a “cautious” estimate that does not take into account any possible savings from changes the General Assembly made to the state’s employee pension systems====
    Agreed with Formerly that this is a smart decision. But it does tend to undermine the ‘necessity’ argument the the changes should be approved by the ILSC in spite of the Constitution. And what other arguments are there? (A real question? I’d be interested to hear what arguments people think the state could bring.)


  12. - Original Rambler - Wednesday, Feb 26, 14 @ 5:53 pm:

    Joe M;

    It’s pretty clear from recent action of the GA that you will need to find a more authoritative source. ;-)


  13. - drew - Wednesday, Feb 26, 14 @ 11:34 pm:

    Maybe i’m confused, but how is it that changes to the pension system would affect revenues anyway?


  14. - RNUG - Thursday, Feb 27, 14 @ 12:07 am:

    Drew,

    It affects the expense side by lowering the “required” contributions.


Sorry, comments for this post are now closed.


* Reader comments closed for the holiday weekend
* Fracking rules finally unveiled
* Question of the day
* A big IDOT roundup
* Even Steven, for now
* *** UPDATED x1 - Confirmed *** Report: Libertarians file charges
* Big guys dinged a bit, but little guys helped a lot
* Today's photo
* Stark contrasts on taxes, minimum wage
* 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’s QX1 Looks To Bring Interchangeable Pro Lenses To Your Smartphone
        * FlashTool now able to download latest Xperia firmware
        * Reddit Launches An Official App For AMAs
        * Meizu MX4 gets official with MT6595 Octa processor and Flyme 4.0
        * Motorola “Shamu” spotted once more in Zauba import data
        * What to do with your your old iPhone
        * Samsung to launch Galaxy S DUOS 3, gets KitKat upgrade

        * Swatch will release a touchscreen smartwatch next summer
        * Microsoft again defies US order to hand over data from overseas server
        * A just-granted Apple patent looks like the Samsung Galaxy Note 3 radial menu
        * Sky’s Now TV Lands On Google Chromecast
        * Rated S for Sexism: To Fix Misogynistic Games, We Need a Better Filter
        * The Bridge Is Over: Sonos Adds Simpler Wi-Fi Setup to All Its Speakers
        * DashNotes Quickly Saves Text, Images, Links to Chrome's New Tab Page

        * White Sox Minor League Update: End of the regular season
        * Noesi looks to continue push toward season's end
        * Williams conveys important message to Little Leaguers
        * Podcast: Dunn Deal
        * Thoughts on the Adrian Nieto experiment
        * Breaks turn in Quintana's favor against Tigers
        * Molina outrighted; roster spot opens up for Rodon


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

        Archives
        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


        * School starts in Chicago with more safety guards..
        * School starts in Chicago with more safety guard.....
        * Salaita firing shows where Zionism meets neolib.....
        * School to begin in Chicago with more safety guards..
        * Why is Gov. Pat Quinn living off minimum wage f.....
        * Local students to see fewer familiar faces this.....
        * Chicago Schools Begin With More Guards..
        * Quinn, Rauner oppose gax tax increase..


        * Fargo is site for national ag research center
        * Illinois woman rescued after day stuck in mud
        * Coroner: 1 person dies in Illinois house explosion
        * School to begin in Chicago with more safety guards
        * More storms roll through Midwest with hail, winds
        * Cubs honor Jackie Robinson West little leaguers
        * Man found dead in central Illinois was hit by car
        * US eating habits improve a bit _ except among poor
        * Study: Action-packed TV might make you snack more
        * Patients to start applying for medical marijuana

        * Audit finds state lax in reviewing eligibility for children’s health insurance program
        * Does the governor need to live in the Executive Mansion?
        * Statehouse Insider: Hands off investments
        * State of unions: AFSCME wins some, loses some on outsourcing
        * State of unions: Domination of Illinois' workforce becomes campaign issue
        * State of unions: Lawmakers approved keeping some workers out of unions
        * State of Illinois posts applications for medical marijuana businesses
        * DNR issues long-awaited ‘fracking’ rules
        * Quinn grants 38 clemency requests
        * IDNR issues long-awaited ‘fracking’ rules

        * If only it were this easy to lift share prices
        * 'Chicagoland' star returns to school
        * Amid re-election fight, Quinn pushes through a tax on business
        * Chicago's worst IPO in 2014: Ryerson
        * Why ComEd is worried about your smartphone


        * Ex-cop convicted of protecting crooks is back on public payroll
        * Ald. Pope rehired city worker who quit after sex harassment allegations
        * Moms, dads get kids ready for school
        * Ald. Pope rehired worker who quit after harassment allegations
        * Chicago school year begins with more safety guards
        * CPS can cheer, but challenges remain
        * EDITORIAL: CPS can cheer, but challenges remain
        * Police: Man throws baby from vehicle, beats girlfriend and boy in domestic fight
        * Man charged with battery; police say he threw baby from vehicle, beat girlfriend and boy
        * Three dead, at least 35 hurt in Labor Day weekend shootings


        * Woman, 82, killed in Streator home explosion
        * Police: Man threw baby out car window, then hit her as he drove off
        * Family speaks out about deaths of four in Elmhurst
        * 4 hurt in city shootings
        * Man charged in shooting after soccer match in Oak Forest
        * Police: Van driver tried to lure kids on Northwest Side
        * Police charge man, 55, in Northwest Side stabbing
        * Cops: Man on moped leads cops on North Side chase
        * Survivors of Elmhurst family laud parents 'unwavering' commitment
        * 1 dead, 13 hurt in shootings across city


        * Digging up political dirt? That's their job
        * State Starts Accepting Medical Marijuana Requests
        * Newborn Found Alive In Jacksonville Trash Bin
        * DNR Releases Fracking Rules
        * Listen to State Week - August 29, 2014
        * 'Belleville' The Movie Is NOT A Documentary
        * Journalist and doctor encourage honest conversations about death
        * Undocumented Immigrants Call For Presidential Orders
        * State Retirees To Stop Paying Health Premiums
        * How America's most plentiful bird disappeared


        * Catherine Rampell: Tech firms’ poor record of diversity
        * Audit finds state lax in reviewing eligibility for children’s health insurance program
        * Does the governor need to live in the Executive Mansion?
        * Our Opinion: Driving into floodwater a deadly practice
        * Angie Muhs: A debate in Springfield would send the right message from candidates
        * Charles Krauthammer: Lower corporate tax rates. Now.
        * Bernard Schoenburg: Dillman, Watson looking at possible runs for alderman
        * Statehouse Insider: Hands off investments
        * Statehouse Insider: Hands off investments
        * State of unions: AFSCME wins some, loses some on outsourcing


        * Rauner vow revives governor's mansion question
        * State Senator Mike Frerichs 9/2/2014
        * Lt. Governor Sheila Simon 9/2/2014
        * Coroner: 1 person dies in Streator house explosion
        * Off the beat: Overnight storms produce spectacular lightning display
        * Break from storms expected Tuesday
        * Area Calendar 9/02/14
        * Traditions at heart of Komen race
        * Area history, Sept. 2, 2014
        * Cypress Trees: Heron Pond and Cache River Wetlands


        * Carrie Underwood announces pregnancy
        * Dawn Patrol: Local reality show; medical pot permitting begins
        * Eat right, live well: Best oil for baking isn't the best for sauteing
        * An easy 2-step process to get more from veggies
        * Brad Paisley turns up the fun on latest album

        * US Rep. Lipinski accepting service academy...
        * Dem Explains Why He Voted 'Present' on DAC...
        * Immigration dominates Lipinski's town hall...
        * US Rep. Lipinski accepting service academy...
        * Dem Explains Why He Voted 'Present' on DAC...
        * Immigration dominates Lipinski's town hall...
        * Roskam Talks Taxes - Alton Daily News
        * Nadler introduces resolution condemning an...
        * Roskam gives business leaders vision for f...
        * Roskam: Making college more affordable for...

        * Who Leaked Naked Pictures Of Kate Upton & ......
        * Who Leaked Naked Pictures Of Kate Upton & ......
        * Bright Side: Peoria Labor Day parade sees ......
        * Bright Side: Peoria Labor Day parade sees ......
        * Bright Side: Peoria Labor Day parade sees ......

        * Rubio, Colleagues Call For Latin American ......
        * Putin Hopeful Russia Won’t Lose Right to H......

        * Frustrated? No. We are people with a vision of a city that works for its people.
        * Troy LaRaviere. Drop CPS’ reform strategy. Neighborhood school growth outpaces charters. (Sun-Times)
        * IDOT Announces Overnight Lane Closures Wednesday On I-90/94
        * Byrne joines Ryan, Ford as transport tributees -- will 'Looie" be next?
        * September has crept up on me again...
        * Division Street Bridge gets Old Bailey Runaround
        * Report: Minimum Wage Increase Would Help 1 In 5 Illinois Children
        * Southwest Side Chicagoans Question TIF Use In 23rd Ward (UPDATED)
        * Harris v. Quinn: Another Nail In The Coffin Or Shot In The Arm For Labor?
        * OP-ED: What FDR Actually Said And What Bruce Rauner Doesn't Get This Labor Day


        * Governor Quinn Invests $102 Million in High-Speed Rail Upgrades on Chicago-St. Louis Line - Funding Will Improve Capacity, Safety on Joliet-Dwight Segment
        * Quinn Refuses to Answer New IDOT Questions
        * IDNR Delivers Revised Rules to Implement Hydraulic Fracturing Regulatory Act - Rules strengthened to ensure public participation, improve transparency, toughen penalties and protect the environment
        * Governor Quinn Proclaims September as “Recovery Month” in Illinois - Encourages people to speak up about mental illness and substance abuse
        * Governor Quinn Dedicates Jane Byrne Interchange - Governor Renames Circle Interchange in Honor of Chicago’s First and Only Female Mayor to Date




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