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

Chicago Lawyer Named to Monitor IDOT Hiring

Fresh
Noelle Brennan

Noelle Brennan appointed to monitor hiring practices at IDOT.

in Local

Illinois Quarantine for Those Who Touched Ebola Patients

Fresh
Quarantine

IDPH calls for 21 day quarantine for those exposed to Ebola virus.

in Local

Illinois GOP Unhappy About Counting of Absentee Ballots

voter

State GOP alleges law is not being followed in counting of absentee ballots.

in Local

Jacksonville Police Have “Person of Interest” in Shooting, No One in Custody

gun

Jacksonville Police say they have someone they want to interview in a shooting death from Friday morning.

in Local

Next Generation of Business Leaders Learn From an Internet Pro

computer

Dozens of area high school students spent their morning with a top executive in the social media world