Capitol Fax.com - Your Illinois News Radar » More support for overriding Rauner veto of debt transparency bill
SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
More support for overriding Rauner veto of debt transparency bill

Monday, Oct 23, 2017

* BGA…

In mid-August, Governor Rauner vetoed House Bill 3649, the Debt Transparency Act. HB3649 was sponsored by state Rep. Fred Crespo and state Sen. Andy Manar, with the support of comptroller Susana Mendoza.

The bill would require all state agencies to report to the comptroller the dollar amount of any bills they receive and to indicate whether funding has been committed to pay off the obligations. Unlike current practice, the legislation requires reporting of due bills be done on a monthly basis. If an agency does not have any financial obligations, the comptroller can waive its reporting requirement.

The BGA supports an override of the governor’s veto of HB3649 and supported passage of the bill before the veto. An override vote is expected Wednesday in Springfield. The proposal passed out of the Illinois Senate and House with bipartisan support from Republicans and Democrats. HB3649 would boost transparency and provide taxpayers with a clearer, more accurate and current assessment of our debt and other financial obligations.

* Sun-Times

This isn’t a debate just for accountants. If the state lets a bill go unpaid for 90 days, the interest rate by law generally jumps to 12 percent a year, which hits every taxpayer in the pocketbook. That also makes it a lot harder for the state to dig out of its financial problems.

After a lengthy budgetary impasse, Illinois’ finances are a mess. We should embrace anything that helps to restore order to the state’s checkbook. Rauner vetoed the bill, but no one has advanced a persuasive argument for upholding his veto.

* PJStar

The Illinois Legislature must override the governor’s inexplicable veto of a good government measure known as the Debt Transparency Act. […]

This is basic, slam-dunk stuff. It’s impossible to balance the budget, as constitutionally required, without an accurate, real-time handle on the balance sheet, on liabilities and cash flow. The comptroller needs to know how old the bills are, whether there’s been an appropriation, whether interest penalties are accruing — in short, not fly blind — to prioritize payments, where possible. Sometimes federal matching dollars are at risk. It is nuts that the unpaid bill backlog could grow by $1 billion or more in a single day because an agency held on to its bills. Think of a spouse running up a credit card. […]

Rep. Ryan Spain of Peoria plans to reverse his earlier “no” vote to a “yes” to override, and Rep. Keith Sommer and Sens. Chuck Weaver and Bill Brady should follow without hesitation. (All other local legislators were on board.) To do otherwise is to communicate that you’re opposed to transparent, fiscally responsible government. Really?

* Herald & Review

Gov. Rauner vetoed the bill. While acknowledging it would be good to provide more transparency about the state’s financial condition, he said, “This legislation more closely resembles an attempt by the Comptroller to micromanage executive agencies,” and complained about the amount of time the reporting would require. And the information provided, he added, would be “decreasing marginal.”

That from a businessman. To suggest Rauner would accept this reporting arrangement in his own businesses is ludicrous. To present himself as fiscally responsible and reject a bill spelling out requirements for that responsibility is disingenuous, a word we find ourselves using about the governor more often than we’d like.

Not that they’re always right or anything, but I’ve yet to see a newspaper editorial against an override of this veto. Mendoza has out-fought, out-hustled and out-maneuvered the governor on this one.

- Posted by Rich Miller        

11 Comments
  1. - Honeybear - Monday, Oct 23, 17 @ 11:40 am:

    “The most revolutionary thing one can do is always to proclaim loudly what is happening”. Rosa Luxemburg

    Rauners perfidy is about to be revealed big time.

    Direct evidence that Rauner
    Alone
    Crashed the economy
    Not
    Madigan


  2. - Anon221 - Monday, Oct 23, 17 @ 11:40 am:

    My favorite lines from the above articles/editorials:

    PJ Star “To do otherwise is to communicate that you’re opposed to transparent, fiscally responsible government. Really?”

    Perfect campaign ad set-up gainst any GAer who goes Yellow or Red on the overrides.


  3. - Perrid - Monday, Oct 23, 17 @ 12:10 pm:

    The line about the guv being disingenuous cracked me up. And Medoza has put a lot of legwork into this, but it’s not that hard of a job to sell this bill. It just makes no sense that the office that pays the bill has such a limited view into outstanding debts.


  4. - Ghost - Monday, Oct 23, 17 @ 12:15 pm:

    It’s agreed it should be overridden, so when does it get called for a vote


  5. - Barrington - Monday, Oct 23, 17 @ 12:25 pm:

    It is impossible to fathom how anyone could be against this bill. It would be similar to a parent not not being able to see what was spent using credit cards by their kids.


  6. - Anonymous - Monday, Oct 23, 17 @ 1:14 pm:

    Rauner must have fears about this…..”Too much transparency threatens the very bedrock of subterfuge we 1%’s count on to perfidize the masses (i.e. ‘asses’)”


  7. - anononon - Monday, Oct 23, 17 @ 1:22 pm:

    is there any reason the State Prompt Pay Act couldn’t be amended to lower the interest rate?


  8. - Anonymous - Monday, Oct 23, 17 @ 1:53 pm:

    “is there any reason the State Prompt Pay Act couldn’t be amended to lower the interest rate?”

    Is there any reason Rauner signed contracts and allowed spending without appropriations? Is there any reason the state was paying down significant portions of its debt until Rauner wanted the previous tax hike sunsetted? State debt and unpaid vendors he contracted are squarely on his shoulders. No one else’s.


  9. - My New Handle - Monday, Oct 23, 17 @ 1:54 pm:

    Anonymous at 1:53 was me. Sorry.


  10. - rivvedup - Monday, Oct 23, 17 @ 4:19 pm:

    The insanity of Illinois continues, as a Governor preaching fiscal responsibility vetoed a bill designed to foster said responsibility. I am a ‘vendor’ in State parlance watching my interest grow daily, but never knowing when or if it will be paid. I hope they override the veto…and I pity Comptroller Mendoza when she finds out how broke the State REALLY is.


  11. - wordslinger - Monday, Oct 23, 17 @ 5:05 pm:

    – Rauner vetoed the bill, but no one has advanced a persuasive argument for upholding his veto.–

    Wow, they weren’t dazzled by the former comptroller’s phone call system, and her claim about the current comptroller’s attempted “overreach into the executive branch?”

    Still funny, because she really wrote that, and it never occurred to anyone at BTIA(TM)why that’s hilarious.

    This will be GOP legislators first chance at taking a whack at Rauner since HB40. I’m guessing they will take it, en masse.


Sorry, comments for this post are now closed.


* Reader comments closed for the weekend
* A quick note from Isabel Miller
* Campaign notebook
* AFSCME forces Pritzker administration to back down on Vandalia prison consolidation
* SUBSCRIBERS ONLY - Update to today's edition
* Annual Redneck Fishing Tournament reels in 20,000 pounds of invasive species
* Bally’s files application with state to open first Chicago casino
* Caption contest!
* Pritzker unveils six-year transportation plan
* Labor-backed group's report claims Workers’ Rights Amendment would boost incomes and improve working conditions
* SUBSCRIBERS ONLY - Supplement to today's edition
* Open thread
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* Live coverage
* Yesterday's stories

Support CapitolFax.com
Visit our advertisers...

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

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

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

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

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


Loading


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

Archives
August 2022
July 2022
June 2022
May 2022
April 2022
March 2022
February 2022
January 2022
December 2021
November 2021
October 2021
September 2021
August 2021
July 2021
June 2021
May 2021
April 2021
March 2021
February 2021
January 2021
December 2020
November 2020
October 2020
September 2020
August 2020
July 2020
June 2020
May 2020
April 2020
March 2020
February 2020
January 2020
December 2019
November 2019
October 2019
September 2019
August 2019
July 2019
June 2019
May 2019
April 2019
March 2019
February 2019
January 2019
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

Syndication

RSS Feed 2.0
Comments RSS 2.0




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