News

Lawmakers Begin Crafting “Middle of the Road” Budget

Lawmakers Begin Crafting “Middle of the Road” Budget

Photo: Associated Press/Seth Perlman

Now that we know what people don’t want – raising taxes, cutting services – House Speaker Mike Madigan (D-Chicago) is narrowing to what could at least get enough votes to pass in the Illinois General Assembly.

The House last week soundly rejected a plan to cut services, but members also indicated they did not support an extension of the 5 percent income tax increase. The 5 percent figure, approved in 2011 with a four-year life, is set to roll back to 3.75 percent after Dec. 31, unless the General Assembly agrees otherwise.

The “middle-of-the-road” budget, Madigan says, accounts for $189 million in unexpected revenues.

“We’re going to work with interfund borrowing, we’re going to make adjustments in other revenue estimates in our spending plan,” he said, “and our goal is to adopt a 12-month budget that would be consistent with the revenue estimates that we’re working with for the next budget year.”

“Elementary and secondary education will be held flat,” said Madigan. “They will be appropriated at the same level as the current budget.”

The House and Senate are scheduled to adjourn Saturday. The budget would take effect for the fiscal year that begins July 1.

Recent Headlines

2 hours ago in Local

Just Enough Rain for Most of Illinois

Fresh
crops

Corn progress best in years

2 hours ago in Local

Flash Index Is More of a Glimmer

illinois logo

Lowest point since December 2012

9 hours ago in Local

Langfelder: Y Block Proposals Going Online, to be Considered in Matter of Months

Generic WTAX

It won’t be at Tuesday night’s Springfield City Council meeting, but it may not be long before aldermen formally consider the proposals submitted for what to do with the former YWCA block downtown near the Governor’s mansion.

10 hours ago in Local

Springfield School Board Approves Administrator Moves

5-2-16 Springfield Public School Board Meeting

The changes include a new principal for Springfield High School.

14 hours ago in Local

Deadline Coming for Constitutional Amendment

tax

Graduated-tax boosters boast bipartisan support