A rundown of current economic and fiscal initiatives as well as previous budget addresses and proposed budgets.
Governor Bruce Rauner signed into law a $38.5 billion budget, which was passed by both houses (54-2 in the Senate, 97-18 in the House). For details: With no new taxes, Gov. Rauner signs FY19 budget into law
8/23: A new report shows that Illinois’ approved FY19 budget has an estimated $1.2B structural deficit. The deficit is a result of the budget’s reliance on one-time and projected revenues, such as the planned sale of the James R. Thompson Center and a to-be-implemented pension buyout program, according to a bond issuance document released by the Illinois Governor’s Office of Management and Budget. The report states: “To avoid future structural deficits, the Governor and General Assembly would, among other potential solutions, need to reduce expenditures, adjust revenue collections or approve a combination of revenue adjustments and reduction in expenditures. The state provides no assurances as to how, when or in what form this structural deficit might be addressed.” See the full report here.
6/4: “Gov. Bruce Rauner today signed into law a $38.5 billion bipartisan compromise budget that holds the line on taxes, increases funding for education, curbs spending, and creates a new adoption tax credit that will make it less costly for Illinois parents to adopt children.” For details: With no new taxes, Gov. Rauner signs FY19 budget into law
5/24: Illinois Partners for Human Services Executive Director Judith Gethner speaks about providing services over further policing: Instead of more policing, a model to provide more services
2/21: Final provisions of 2017 tax reform and their impact on individuals and business owners developed by Wintrust. 2017 Tax Reform Provisions E-Newsletter
Appropriations: HB 3342 Budget Implementation Bill
Proposed FY19 Budget
The governor delivered the FY18 Budget Address February 15, 2017.
- Governor’s remarks
- FY18 proposed budget
- FY18 budget briefing presentations by the directors of DHS, DHFS, DoA, DPH and DCFS
The governor delivered the FY17 Budget Address February 17, 2016.
A look at payments to vendors and clients from the Department of Human Services and the Governor’s Office of Management and Budget (GOMB) Backlog Report.
FY17 Budget Briefing Presentations
Briefings by the directors of DHS, DHFS, DoA, DPH and DCFS:
“The Budget Crisis”
The Budget Crisis, a video produced by the Howard Area Community Center, demonstrates the impact of budget changes on community organizations.
The GOMB Illinois Economic and Fiscal Policy Report is submitted annually to the General Assembly. The report, issued October 12, 2017, outlines the state’s long-term economic and fiscal policy objectives, the economic and fiscal policy intentions for the upcoming fiscal year, as well as the subsequent two fiscal years.
A transition report to Governor Rauner and his administration that identifies historical challenges and outlines strategies for improvement and growth.
A look at the Fiscal Year Budget projections and budget cuts to the human services sector.
The Civic Federation – The State of Illinois Budget Roadmap Reports
A report on the effects of the state’s two-year budget impasse on state services. The report shows a decline in state contracts with nonprofits during the two-year period without a state budget and the lasting damage created by the lack of funding.