Interestingly, the budget, which was a major sticking point during former Gov. Bruce Rauner’s term, is progressing well, [Senate GOP Leader Bill Brady] said.
“The budget, I think, is close,” he said. “I think the budget is probably the most workable portion of this.”
Brady emphasized the group wants to make greater investments in nursing homes and education, and said a tax on Medicaid managed care organizations could free up general revenue spending by allowing the state to “maximize federal reimbursement” for Medicaid spending.
Senate Minority Leader Bill Brady, R-Bloomington, emerged from the governor’s office after the hour-long meeting and said they talked about the budget. He said he thinks it’s close thanks to April’s revenue windfall and projected increased money captured from taxpayers.
“We’ve been able to see the governor make some positive steps by not doing the pension short,” Brady said.
April revenue came in $1.5 billion more than expected. Pritzker indicated that would keep him from going ahead with a plan to pay less than needed into the state’s underfunded pension systems. He had suggested lowering the amount the state would put in and extending the pension ramp several years, an idea that was criticized by members on both sides of the aisle.
Brady said the governor also indicated he would walk some taxes back because of April’s windfall. However, Brady said some problematic items remained on the table.
“Repatriation in the federal tax code that will bring dollars back to Illinois that they want to tax that I think will keep those dollars from coming back to Illinois,” Brady said. “That will not help economic development.”
Brady also said yesterday that he met with the governor in the morning. The two are staying in close contact.