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

Police, Secretary of State Disable IED in Downtown Springfield

police_tape

Springfield Police say an IED found in downtown Springfield Monday night was "rendered safe."

in Local

Beer Tickets Land State Fair Manager in Hot Water

state fair logo

Bliefnick hasn't responded for comment

in Local

On-Line Learning Could Get a Boost

state_capitol_4

Maintaining common standards in online college coursework is the goal of a new state law

in Local

Illinois Coal a Hot Commodity Worldwide

coal

Illinois coal exports have risen sharply in recent years, even as its high sulfur content limits its demand in the U.S.

in Local

Downtown Taylorville Building Partially Collapses

tothemoontattoo

A downtown Taylorville business is closed after part of its building collapsed over the weekend.