Rep. Harris: We are hoping the actions we are taking are not 1s hat trigger additional negative scrutiny from the financial rating agencies becuase we are attempting to be responsible & pay all of our pension obligations and all of our debt service."
"We believe this is responsible" as wait on feds and if had to cut 35% of funding to match revenue hit would be decimating, Rep Harris says of Ill bud plan that relies on borrowing up to $5B from fed's MLF (based on current version of leg.) Says most spending held flat to fy2020.
=== K-12 education funding will be held at the same level as in the current budget. ===
The trolls start early. Considering the massive economic hit on the state because of COVID-19 and the refusal of the GOP to approve aid to state and local governments to deal with that damage, I think this is the best that can be expected.
Steve, did you miss the part about the feds coming through to the tune of 5 billion for Illinois? ‘Borrowing’ that all states will need to do due to the coronavirus. All states. The interest rate on that borrowing should be 0 by the way. The feds will be doing this shortly. Stonewalling by the senate in the face of this decimation of state budgets in all 50 states won’t last long with the Republican run states screaming the loudest.
I just don’t understand how any unit of government with a straight face can say we are going to hold spending flat in todays economic devastation. Throw the citizens a bone and cut a few percentage points. Everyday citizens don’t have a fair godmother that can print money that in the end the citizens have to pay for.
They should tie the consolidation of 800 plus school districts. the old excuses that some locations have money and some don’t. We are all broke. So, let kids take online courses for AP courses from “better” districts. Or, are we not serious about education and opportunity?
Don’t blame poor roads on under funding the General Revenue account. Blame poor roads on the under funded MFT receipts. However, until the covid19 crisis, that issue had been resolved by doubling the MFT.
“They should tie the consolidation of 800 plus school districts.”
Aren’t you the kind of guy that looks unfavorably on the big bad state forcing the locals to do things? This is one of those things. I think the state has too much on its plate right now to take on the bad politics of local issues.
Jibba I am pragmatic. That does save the state. The locals are broke, right? So, why not push for something that actually saves money? Not until unemployment runs out and we get out and about will we really see the real effects of this.