Republican Gov. Bruce Rauner presents his budget proposal Wednesday, and the pregame positioning already has begun.
Democratic Senate President John Cullerton had an op-ed published in the Springfield State Journal-Register claiming the governor has to overcome $9 billion in red ink, even as the governor says he wants to lower taxes.
Not only that, Cullerton says, but school spending must rise by $350 million to satisfy the new education funding law Rauner signed last year.
“Anything less undermines the governor’s accomplishment,” the op-ed reads. That quote appears to be a thinly veiled reference to Rauner’s naming education funding reform as his No. 1 accomplishment.
* From his op-ed…
That said, not everything in our budget worked. We sent the governor a Republican-backed pension reform plan, one his administration initially said could save $500 million annually. Turns out the pension agencies weren’t ready to put it in motion. Those savings haven’t materialized.
Same thing with estimated state revenues. They came in $500 million lower than the estimates used to produce our bipartisan budget agreement.
That’s state budgeting for you.
Not everything works as planned. It’s state government. We’re not perfect.
* Cullerton held a press conference today. Raw audio is here. One tidbit…
Cullerton said he and his staff have not yet been briefed and doesn’t know if they will be ahead of tomorrow’s unveiling.
*** UPDATE *** Here’s some of the info that was distributed at today’s presser…
FY 2019 budget pressures.
The FY 18 budget utilized several one-time revenue sources that all expire at the end of the budget year. The governor will need to account for this in his FY 19 budget:
Fund sweeps: $300 million
10 percent cuts to LGDF and Mass Transit Districts: $200 million
Transfers out halted: $130 million
Personal Property Replacement Tax fund appropriations: $160 million
Total: $790 million
There are several known spending increases required for the FY 19 budget that the governor will need to address:
New school funding formula: $350 million
Payment to pension systems: $500 million
Debt service on borrowing to pay bills: $780 million
Total: $1.63 billion
Combined total: $2.42 billion
* 4 Things To Listen For In Governor’s Budget Speech