LIVE session coverage...
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.


* *** UPDATED x3 *** Quick stopgap budget roundup
* *** UPDATED x1 - Video *** Comptroller Munger to "reassess" lawmaker pay delay
* Silver: Trump is gonna get trounced in Illinois
* K-12 preliminary analysis
* What's in the BIMP?
* More heroin/Fentanyl deaths than traffic fatalities
* BGA takes a look at an anti-union group
* What's at stake today
* Question of the day
* SUBSCRIBERS ONLY - Supplement to today’s edition
* *** LIVE *** Session Coverage
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* 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

  
* Spotify frames Apple as anti-competitive in app update fracas
* HTC reminds us that Android Nougat will be on its newest phones
* Facebook throws out the news Paper
* How Mexico went from telecom laggard to mobile trailblazer
* Talk Android Podcast: Episode 11
* Exclusive: Samsung’s plans with Boxee for the living room were in this tablet
* [TA Deals] Get The Complete Machine Learning Bundle for 94% off

* Shuck N thrive: No. 9 hitter lifts White Sox over Twins
* Could Burdi make big leagues months after Draft?
* Davidson back in big leagues with White Sox
* For first time since big trade, Shields delivers
* No longer the future, Matt Davidson is finally present
* Last day to cast your All-Star vote
* Sox hold off Twins, net Shields 1st Chicago W

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


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


* The Latest: Budget deal draws handful of 'no' v.....
* CPS pays $657 million for pensions, won’t say h.....
* The Latest: Budget deal draws handful of 'no' v.....
* The Latest: Budget deal draws handful of 'no' v.....
* The Latest: Budget deal draws handful of 'no' v.....
* Illinois motor fuel tax revenue is falling..
* The Latest: Budget deal draws handful of 'no' v.....
* The Latest: Illinois lawmakers approve stopgap .....
* Do front-page editorials matter in an era of we.....
* Illinois General Assembly sends stopgap budget .....


* Illinois jury awards 12-year-old $53M in birth injury case
* Attorneys due in court over Illinois redistricting lawsuit
* Judge hopes to name Van Dyke special prosecutor by August
* Gun shop raffling AR-15 rifle to benefit Orlando victims
* The latest: Illinois lawmakers begin advancing budget deal
* Dynegy plans to shutter 1 unit at Baldwin plant by October
* Illinois governor, lawmakers nearing budget deal
* Former Chicago fire official faces misdemeanor over crash
* Excerpts from editorials on Illinois' budget impasse
* Illinois newspapers tell Rauner, Democrats, 'Do Your Job'

* Illinois House and Senate OK stopgap spending deal
* Recap: Thursday's budget votes at the Illinois Capitol
* Illinois House OKs stopgap spending deal, sends to Senate
* Illinois lawmakers begin voting on stopgap spending deal
* House committee approves some budget bills; members in meetings to hear details
* Follow live: Budget negotiations at the Illinois Capitol
* Follow live: Budget votes at the Illinois Capitol
* Court arguments set in Illinois redistricting lawsuit
* Deal to fund schools, 6 months of state services nearing passage
* Illinois Republicans say deal close on six-month budget, school funding

* Why we should be excited about Obama library architects pick
* Illinois bonds gain as state moves to temporarily halt budget impasse
* Indianapolis shows another side with new Cultural Trail
* Steve Yahn, Crain's first editor, dies at 69
* Pentagon ends ban on transgender troops in military


* Police warn of violent robberies of drivers in the Loop
* Steinberg: Voices of rural America speaking from a place mat
* Woman shot in Austin
* Man shot in foot in Englewood
* Suburban woman, son win $53M verdict from U of C hospital
* North Avenue pedestrian bridge reopens after 2 months
* Champion Chanticleers: Coastal Carolina wins CWS vs. Arizona
* ‘The Purge: Election Year’: Bullets blast away any bit of insight
* Police conducting homicide investigation after body found in Gary
* Cops: Vernon Hills man sexually assaulted girl he met on Facebook


* Appeal of man convicted of NIU student's murder flawed: prosecutors
* City watchdog calls for better control of settlement costs for police abuse, workers' comp
* Preckwinkle: Tax hike, budget cuts on table as county faces $174M shortfall
* Syria's refugee children have lost all hope
* Minimum age to buy cigarettes increases to 21 starting Friday
* Illinois lawmakers send Rauner stopgap budget, education funding measure
* Aurora police investigating series of car, garage burglaries
* Going to college is worth it, new study says
* Jury hits U. of C. hospital with $53 million malpractice verdict
* At least 6 wounded in shootings on West, South sides


* Illinois House and Senate OK stopgap spending deal
* Recap: Thursday's budget votes at the Illinois Capitol
* Illinois House OKs stopgap spending deal, sends to Senate
* Illinois lawmakers begin voting on stopgap spending deal
* House committee approves some budget bills; members in meetings to hear details
* Follow live: Budget negotiations at the Illinois Capitol
* Follow live: Budget votes at the Illinois Capitol
* Court arguments set in Illinois redistricting lawsuit
* Deal to fund schools, 6 months of state services nearing passage
* Bernard Schoenburg: A break in the acrimony? Some OK signs


* Updated: Hershey rejects kiss from chocolate competitor
* UPDATED: Illinois OKs stopgap spending deal, governor will sign
* Street closures listing
* Meet Peoria Public Schools' new student board members
* 06-30-16 Penny for Your Thoughts
* 06-30-16 Jim Turpin with Linda Moorhouse on Ice Cream and Independence @TheVirginia
* BEAT THE HEAT
* UPDATED: Boil order in effect in Pesotum
* Judge could address special prosecutor at Van Dyke hearing
* Illinois gun shop raffling AR-15 rifle to benefit Orlando victims


* Des Plaines business hopes to provide an escape from boredom
* Glen Ellyn loosens rules for selling village-owned land
* A second Oak Brook family is suing Butler District 53 over alleged cheating scandal
* Maas passenger describes scary ordeal
* Vernon Hills man charged with sex assault of teen

* 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

* Dick Durbin admits he ordered the FBI to p......

* Talk of the County - Chicago Tribune...
* Talk of the County: Stricter enforcement n......
* Cassidy, Johnson, Kirk introduce bipartisa......

* Positive Loitering Friday Night, 6pm-7pm
* "Pokiology" Coming To Wilson Avenue
* UPDATE X1: State legislature agrees on stop gap measure to keep schools open, services for vulnerable and seniors available
* UPDATE X2: State legislature agrees on stopgap measure to keep schools open, services for vulnerable and seniors available
* House agrees on stop gap measure to keep schools open, services for vulnerable and seniors available
* Karl on Brexit.
* In 2013 , my brother wrote some more about “our friend,” Lamar.
* Thorner/O'Neil: Brexit's Fine Line Between Committing and Correcting
* Giovanetti: Trade is Good and Normal
* Biga: Rauner’s Losing Hand


* 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