* As I told subscribers on Monday morning, the Commission on Governmental Forecasting and Accountability has revised its Fiscal Year 2014 revenue estimate upwards by $588 million. Most of this is considered to be a one-time income tax windfall, so next fiscal year’s estimate was revised up by just $167 million.
Anyway, some Senate Republicans have a plan for spending some of that found money…
Thousands of state workers are owed an estimated 112 million dollars in back wages. Governor Pat Quinn negotiated raises with members of AFSCME back before the 2010 elections, but lawmakers never came through with the money to pay them. […]
“We’re not calling for any new spending, any new spending proposals here. We’re just asking for commitments to be honored. Bottom line,” [GOP Sen. Sam McCann] said.
Under McCann’s proposal, the rest of the extra revenue would be used to pay down the state’s backlog of bills. Illinois owes schools, hospitals, and many other service providers nearly five billion dollars.
Sounds like a good idea to me.
* McCann still open to keeping current tax rates: “I don’t think the people of the 50th District sent me here, just like the people of everyone’s respective districts back home sent them here, to stick their fingers in their ears and not listen to what people have to say,” said Carlinville Republican Sen. Sam McCann. “They don’t send us here not to roll up our sleeves and go to work on their behalf. They send us here to engage.”