Capitol Fax.com - Your Illinois News Radar » House certifies revenue projections
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.


* Question of the day
* Facebook appears to be earning its reputation as evil
* Small ball
* Community Care Program fight extends to task force membership flap
* We can't even put on a decent bicentennial celebration
* Dynegy looking for two separate subsidies for its coal-fired plants
* *** UPDATED x1 - ILGOP responds ***  New website features Speaker Madigan's softer, gentler side
* Our sorry state
* A tale of two states
* *** UPDATED x1 - Carrigan apologizes *** Heat cranks up on AFL-CIO president
* *** UPDATED x2 - Pritzker camp responds - Unappropriated spending was $2.8 billion *** This Is Illinois
* Porter to ILGOP: Madigan forked us, so don't blame Rauner
* The damage done to higher education
* Today's number: $30,363 per job
* Still no GOP opponent for Frerichs
* What goes around, comes around
* Yesterday's stories

Support CapitolFax.com
Visit our advertisers...

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

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

...............
<


Loading


* GUEST VIEW: More state lawmakers jumping ship -.....
* Editorial: Advice for Democrats in Campaign 201.....
* Gov race funds top $100 million — due to Rauner.....
* Chicago submits bid for Amazon's HQ2, accompany.....


* The 10 things to know going into this NBA season
* Helmet maker vows fight against Hernandez concussion lawsuit
* Not having to get door 1 plus of new status, Kagan says
* 17-year-old charged as an adult in shooting of 2-year-old
* New University of Illinois school to grant full scholarships
* Chicago-area woman gets 2 years for posing as counselor
* Demonstrators stage silent protest outside Ravens stadium
* Dodgers' dominant bullpen is baffling foes in NL playoffs
* Man wanted in Illinois charged with killing upstate NY woman
* 'Johnny Appleseed' trees to mark Illinois bicentennial

* New University of Illinois medical school to grant full scholarships
* 'Johnny Appleseed' trees to mark Illinois bicentennial
* Statehouse Insider: A poor rating, but sorta good news
* John Schmidt appointed to appellate court
* Illinois 200th birthday celebration kicks off Dec. 3 in Springfield
* Christian County GOP leader to challenge Andy Manar for state Senate seat
* AFSCME: Illinois prison-inmate assaults on officers up 51 percent
* Ameya Pawar drops out of Illinois governor's race
* Springfield, chamber cautious on economic development idea
* IDOT wants feedback on highway rest areas

* Chicago officially struts its stuff for Amazon
* U of I's new med school taking applications
* What New York can deliver Amazon
* Durbin, think tank attack GOP proposal to drop state, local deduction
* New York's Amazon campaign draws big names


* Man shot in East Chatham
* Georgia Nicols horoscopes for Oct. 17, 2017
* Dear Abby: Canoodling stops so wife can take call
* Rodgers out; Jaguars’ Ivory, Saints’ ‘D’ in
* String of burglaries reported in South Shore
* Yankees get back in ALCS with 8-1 win in Game 3
* Gov race funds top $100 million — due to Rauner, Pritzker deep pockets
* Kyle Hendricks maintains his faith in Cubs’ bullpen
* SWEET: Trump punts on Senate ‘blue slips’ for judges; Chicago impact
* Cubs’ bullpen has been a problem in the postseason


* 5 shot on West, Northwest sides
* The Trump administration has no plan for dealing with a North Korean electromagnetic pulse weapons attack
* For Years, UN was warned of threat to Rohingya in Myanmar
* Robin Lopez on NBA's wild offseason: 'fairly unprecedented'
* McCain condemns 'half-baked, spurious nationalism' in clear shot at Trump
* Connor Murphy has been odd man out in Blackhawks' defense rotation
* Warm, dry weather to linger through Saturday in Chicago area
* North Korea says 'a nuclear war may break out any moment'
* Blackhawks winger Patrick Kane excited for Nick Schmaltz's return from injury
* 'The Daily Show' lands in Chicago to film this week


» WBEZ Investigation: CPS Secretly Overhauled Special Education At Students’ Expense
» How's The Illinois Economy? For Rauner Administration, Depends On The Audience
» Online Locator Tool Aims to Make Recycling Easier
» State Week: Prison Assaults, Pawar's Exit
» Lawmakers Urged To Override Life Insurance Veto
» Ameya Pawar Ends Campaign for Governor
» Union Says Prison Inmate Assaults On Guards Up 51%
» Union Says Attacks On Prison Guards Are Up
» Illinois Issues: Land of Lincoln, New Jersey Compete For Worst Fiscal Condition
» Chicago Adds 376 Cops, 594 To Go


* Hugh Hewitt: Trump's baked-in support
* New University of Illinois medical school to grant full scholarships
* 'Johnny Appleseed' trees to mark Illinois bicentennial
* Statehouse Insider: A poor rating, but sorta good news
* Our View: Time to explore a new path for economic development in Sangamon County
* Our View: It’s time to explore a new path for economic development in Sangamon County
* Andy Shaw: Critical redistricting case from Wisconsin could impact Illinois
* Guest Column: The Illinois FOIA is failing the public
* Faith Coalition for the Common Good: Principles, politics, persistence and pride
* Ed Rogers: Is tax reform happening?


* Andrew Cordell Cairel
* Haunted Mansion event set Oct. 28
* Black Hawk offers CPR class
* Dr. Sandra Toy McKinley
* Library celebrates Fall Fun Day
* Laura Macke
* Lectures cover Luther's Reformation
* Gary L. Winchester
* Foundation hosts trivia night Oct. 27
* Simon Eliseus "Si" Suchman


* AP News Guide: The rise and fall of the Islamic State group
* NFL Overreactions: Romo will leave the booth, save Packers
* Rude welcome: Irving set for return to 'rowdy' Cleveland
* Woodyard's stop helps Titans end 11-game skid against Colts
* Greenpeace faults many tech giants for environment impact

* Dissident artist Ai Weiwei and US Rep. Ran...
* Rep. Randy Hultgren announces 2017 Congres...
* Democratic 14th Congressional District can...
* GOP congressmen say Rauner 'let down' Illi...
* Rival: Kinzinger not conservative - MyWebT...
* Democratic candidates square off in Kendal...
* Hultgren 'disappointed' about potential re...
* Naperville's Lauren Underwood to run for R...
* Measure extends term of FSOC independent m...
* Hultgren Comments on CAT Closure, Hurrican...

* SWEET: Trump punts on Senate 'blue slips' ......

* SWEET: Trump punts on Senate 'blue slips' ......
* Sen. Tammy Duckworth slams Trump cuts to O......

* Black Ensemble Theater To Host 17th Annual Black Excellence Awards
* EXTRA: Rauner "gettin' his kicks" down Route 66; or at least a part of it
* Should we respect people who want to use “Merry Christmas” as a weapon?
* Community Alert: Car Thefts In 19th District
* "Carrie 2: The Rage" Now On Stage At The Arkham Theater
* The Daily Show live, and more of the best things to do in Chicago this week
* “The Driver’s Side” – News From The Motorist’s Perspective
* Boy Scouts open doors to girls
* State Central Committeeman to IL conservatives: We are fools not to back Rauner
* Letter to Editor: Good things happening in US, despite what Fake News says


* Illinois Awarded Funds to Offer Advanced Training on Detecting Impaired Driving
* Illinois EPA Announces Upcoming Household Hazardous Waste Collection Events
* IEMA Highlights Emergency Preparedness for People with Access and Functional Needs in May - Ready Illinois website offers preparedness tips for people, caregivers
* First Lady Launches Illinois Family Connects
* Governor and Lt. Governor Unveil 2016 Journal of Local Government Shared Service Best Practices

  
* T-Mobile and Sprint want to merge without selling their assets
* Alphabet X lab retains Project Loon, despite incorporation
* In global market share fight, Huawei Mate 10 may send Apple into third place
* T-Mobile Galaxy Note 8 BOGO deal set to expire October 17
* Sprint and T-Mobile said to cling to as much spectrum before conceding to government
* Latest iOS 11.1 beta and watchOS, macOS, tvOS betas have WPA2 KRACK fix
* Facebook acquires anonymous teen compliment app tbh, will let it run

* Mid-October White Sox fall ball update
* Inbox: Has White Sox Draft strategy evolved?
* Podcast: 2017 White Sox Outfielders Review
* Sox Century: Oct. 15, 1917
* Sporcle Saturday: White Sox Postseason Home Runs
* Sox Century: Oct. 13, 1917
* Zavala, Polo open eyes in AFL performances


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

Archives
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

Syndication

RSS Feed 2.0
Comments RSS 2.0
WordPress




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