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

in Local

Springfield Based Reporter Resigns Following Rauner Complaint

Chicago Sun Times

Dave McKinney was the Chicago Sun-Times' Springfield bureau chief.

in Local

Natural Gas Prices to Hold Steady This Winter

Ameren+Illinois+Utilities+logo

No wide price swings expected this winter

in Local

Elkhart Mine Expansion Vote Delayed

coal mine

Vote to extend waste site expected in November

in Local

City Gives Attorney Additional $25k to Defend Police Officer

municipal_east_3

The Springfield City Council will allow a police officer facing a lawsuit to be represented by an attorney of his choice -- but not everyone is on board with it.