Capitol - Your Illinois News Radar » Budget roundup
SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
To subscribe to Capitol Fax, click here.
Budget roundup

Wednesday, May 26, 2010

* For starters, here are the bill numbers from yesterday’s hottest legislation

The budget is House Bill 859. The plan that gives Quinn more budget powers is Senate Bill 3660. The [pension] borrowing plan is Senate Bill 3514.

* The SJ-R has an excellent roundup

The [tax] amnesty program is expected to generate about $250 million. From Oct. 1 to Nov. 8, people can make good on taxes owed that were accumulated between June 30, 2002, and July 1, 2009. The bill also allows the state to sell debt to private collection agencies. […]

The wide-ranging [Emergency Budget Act] bill also calls for the state to take out a loan against money it would receive in future years from the national tobacco settlement, a deal worth about $1.2 billion in upfront money. Republicans warned the move is shortsighted because the state uses annual money from the tobacco settlement to fund a variety of programs, including $580 million in prescription drug assistance.

The bill further authorizes Quinn to borrow money from restricted state funds, which previously were “swept” of money to divert to other state expenses and not repaid. This bill requires the money to be repaid with interest, although skeptical lawmakers doubt that will happen. Currie said the administration expects to borrow about $1 billion from the funds. The bill also requires lawmakers, statewide officials and top agency employees to take 12 furlough days in the next budget year. […]

Currie said the [state budget] bill calls for $26.2 billion in general fund spending, the part of the budget over which the state has the most control. She said that is about $400 million less than the current budget, reflecting a 5 percent across-the-board cut in spending for operations.

Go read the whole thing.

* The future, provided by the Senate Dems…

The budget bill is HB 859 which the Senate passed on May 7th, the House concurred to our budget last night. The budget has passed both Houses.

The Senate returns today at 4 o’clock. The House has been in session since 10 this morning.

* Related…

* House approves state budget

* Illinois House votes to leave decision on budget woes to governor

* House passes borrowing plan to fund pensions

* House OKs borrowing to cover state pensions

* Illinois House Votes To Borrow Billions

* Borrowing has huge role in proposed spending plan

* House finds one vote needed to pass key part of state budget

* Lawmakers advance budget proposals

* Plan to borrow $4 billion for pensions barely clears House; GOP leader ‘disappointed’ in Black

* Suburban Dems budget plans receive mixed results

* Illinois House slashes $200 million in Medicaid, rejects other cuts

* SJ-R: Spare state retirees dose of ‘tough love’

* Pantagraph: A few reasons why public sees need for cuts

* And in case you missed any of them yesterday, here are Tuesday’s videos…

* Quinn glares at House GOP Leader Tom Cross during speech on Pension Borrowing bill

* Rep. Miller explains why he changed his vote on pension bond bill

* Rep. Miller speaks enthusiastically about importance of pension borrowing

* Pritchard to vote present until leaders meet

* Pritchard explains change of vote on Pension Bond bill

* Rep. Coulson explains her ‘present’ vote on Pension Borrowing Bill

* Cross discusses Rep. Biggins’ vote for the pension bond bill and why Rep. Pritchard flipped to “No”

* Rep. Bob Biggins explains his vote change on Pension Bond bill

* Raw video: Tom Cross media availability after passage of Pension Bond bill (Part 1)

* Raw video: Tom Cross media availability after passage of Pension Bond bill (Part 2)

* Nekritz on $100M cut fail, other amendments

* Nekritz on cuts that made it to the budget

* “Good talks,” but Madigan stays quiet on details

- Posted by Rich Miller        

  1. - Yellow Dog Democrat - Wednesday, May 26, 10 @ 12:20 pm:

    I’m guessing Bill Black doesn’t give a rat’s behind what Tom Cross thinks.

  2. - The KQ - Wednesday, May 26, 10 @ 12:38 pm:

    The State already has the authority to use third party collectors. I used to staff the Illinois Debt Collection Board a while back. I haven’t had a chance to read the bill, so maybe it does somthing more than the Board is authorized to do today?

    From the Comptroller’s web site:
    The Debt Collection Board was created under Public Act 86-1425 in 1991. The Debt Collection Board is comprised of the Director of the Department of Central Management Services, the State Comptroller, and the Attorney General, or their designees. The Board was established to provide a centralized collection service to aggressively pursue delinquent accounts that are more than 180 days past due. The Board pursues debt accounts after reasonable efforts by the individual state agencies that are primarily responsible for collecting debts owed to them.

    The Debt Collection Board is authorized to enter into contracts with outside collection agencies to help collect outstanding debt. These collection agencies are paid a contingency fee based on the age, nature, and amount and type of accounts referred. Currently, the Board has contracted with four vendors to collect debt for the State. Agencies can also contract debt collection activities with these vendors under the Board’s contract as well.

  3. - Vole - Wednesday, May 26, 10 @ 1:45 pm:

    Nekritz: unpaid bills that we will not be able to meet

    Does Quinn end up with all the authority on which bills do get paid and which do not?

    If you have a donut and you have to divide it up, who decides who get the hole? Does the legislature not budget for holes? Or do they just act like they can do without any holes? Or do they just not know the meaning of holes? Or do they just not know the difference between buns and donuts?

    Holy moly. This makes my bun hurt.

  4. - Rambler - Wednesday, May 26, 10 @ 5:03 pm:

    Quinn’s a hoot. I’d like to see video of him sprinting into the chamber.
    Excellent coverage of all this by the way.

Sorry, comments for this post are now closed.

* But his e-mails...
* Permanent Legislative Inspector General finally named
* Rockford airport still waiting on its money
* Fight for change, but don't succumb to cynicism in the meantime
* Open thread
* Question of the day: Golden Horseshoe Awards
* Quick mayoral roundup
* Ives backs Krupa even after allegations emerge
* Did Dahleen Glanton nail it? We'll know soon enough
* An army of one
* Thanks!
* SB 1226 Endangers Safe Drinking Water & Public Health
* I just don't see it happening
* Yesterday's stories

Visit our advertisers...







Main Menu
Pundit rankings
Subscriber Content
Blagojevich Trial
Updated Posts

December 2018
November 2018
October 2018
September 2018
August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
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


RSS Feed 2.0
Comments RSS 2.0

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