* An analysis of the new Republican budget/reform plan can be read by clicking here. No legislation has been filed as I write this. I’ll update with bill numbers when I get them. You can hear the entire GOP press conference by clicking here. The GOP press release is here.

* As expected, there was lots of hyperpartisanship on display at today’s Republican press conference to unveil their new budget and reform plan, which they said would be signed by Gov. Rauner if it was passed.

House GOP Leader Jim Durkin, for instance, said Speaker Madigan’s members should “no longer put up with Madigan’s my way or the highway” approach. He said if an agreement could not be reached by the end of June, it would all be on Madigan’s head.

Leader Durkin insisted that the Republicans would not settle for “reform light” and that the final plan must be in “substantial compliance” with the proposals set forth today. If the Democrats counter with something that is “significantly diluted,” he said he and the governor wouldn’t accept it.

Sen. Karen McConnaughay said that the two sides were “very close” on an agreement in the Senate, but that the bills the Senate actually passed “didn’t reflect what we had been negotiating.” McConnaughay said it was the Democrats who “walked away” from the talks.

Sen. Dale Righter insisted that the package presented today “are compromises,” claiming “We’re putting on paper what the Democratic majority said they needed in the meetings… So, we are already there.”

* But is this really a compromise? The Senate Democrats ultimately rejected a four-year property tax freeze, but the Republicans say their four-year freeze is a compromise from Rauner’s permanent freeze - except the governor has been saying for weeks that he wants a four-year freeze.

A local government consolidation bill has already passed, but the Republicans now say they want to allow voters to initiate referendums on their own to consolidate government. This is another demand from the governor’s office, which had quietly threatened to veto the previous consolidation bill. Rank and file Republicans promised they’d push for a trailer bill if he agreed to sign it, and this proposal is apparently that plan.

The education funding reform bill “compromise” seems mainly targeted at Chicago, reducing many of the gains CPS made with the Democrats’ bill.

And the term limits proposal expands the concept from the originally agreed (in the Senate) limit on legislative leaders to include all constitutional officers.

* The Republicans also want a “hard” spending cap of $36 billion over four years. The Senate Democrats’ bill spent over $37 billion.

The budget proposal would also cut revenue sharing to local governments (which would, remember, have their property taxes capped) and transit agencies.

Again, we don’t have a detailed analysis, so I can’t tell you much more besides what’s in the GOP analysis.

*** UPDATE 1 ***  Sen. Daniel Biss…

“Today’s press conference was more of the same from Bruce Rauner and the politicians he controls. Our state and its people are suffering while Bruce Rauner, the well-connected and their millionaire friends will continue to be just fine. There aren’t enough slick talking points, fancy poster boards or campaign commercials to change that. Until Speaker Madigan and Bruce Rauner sit down with each other - face to face - and hammer out a compromise, our state will continue down a path towards bankruptcy.”

*** UPDATE 2 *** From Senate President Cullerton’s spokesman John Patterson via text…

Hmm. Kinda speaks for itself. I don’t think three-page press releases are what Illinois needs. I hope there is real legislative language coming to back this up, language that rank-and-file Republicans will support and that the governor is committed to signing. Bipartisan compromise is the only way out of this now that the May 31 deadline passed. But a Republicans-only press conference in mid June doesn’t exactly scream bipartisanship. Where’s this plan been hiding the last six months?

* From the Senate Republicans…

Sen. Brady will be filing the budget, and Sen. Barickman will be filing the school funding measure, this afternoon.

The reform components of the Capitol Compromise will be introduced in the House.

*** UPDATE 3 *** Greg Hinz…

Rep. Greg Harris, D-Chicago, Madigan’s point person on budget items, was restrained.

“I’m glad they did it. I’m glad they just laid out their position,” he told me.

But without review, the plan at first glance seems to be based mostly on old proposals, Harris added. “There are some things in there that Democrats and Republicans could support. There are some things that our caucus has not supported in the past. The devil’s in the details. It will take some time (to review.)

Somewhat more negative was Madigan spokesman Steve Brown: “Most of these ideas have been considered by the House in the past. I’m not sure whether any of it is a compromise.”

Neither Brown nor Harris would say when the House might vote on a budget, either the one that’s already cleared the Senate or one of their own.