Gov. Bruce Rauner will use his budget address Wednesday to sound off on the so-called "grand bargain" being constructed in the state Senate.
During his budget address Wednesday, Rauner repeated his call for term limits, worker's compensation and pension reform and reining in state employee health insurance costs.
"Rauner says the state must find a way to balance the budget without hurting lower-income families and fixed-income seniors".
IL has a $5 billion deficit.
It'll be his third - delivered in IL government's 20th month without a complete budget.
However, there are many ways to reduce spending on items such as pensions and Medicaid, over and above the more hard structural reforms the state really needs. "There's no doubt we need to address property tax problems, but senate leaders negotiated a two-year freeze". The judges' system is left out because the courts will have the final word on the reforms' legality.
"The current Senate proposal calls for a permanent increase in the income tax rate but offers only a temporary property tax freeze in exchange", he said.More news: Samsung is expecting to see huge demand for the Galaxy S8
The republican governor and democrats in the state legislature have been deadlocked on a solution.
Rauner said he would not support an increase in taxes on groceries and medicines and urged lawmakers to consider a permanent property tax freeze to go along with a proposed permanent increase in the state income tax.
Rauner shut the door on extending the income tax to cover retirement income. The governor proposed passing term limit legislation and redistricting reform to "send a message to job creators" that IL is changing pace.
But Rauner pointed out that more than 60 percent of the state's general revenue is "locked up".
After turning briefly to Democratic House Speaker Michael Madigan, Rauner said Madigan had quipped: "It's the Russians".
Barickman thought Rauner showed leadership in a time they "desperately" needed it.
Michael Rebell, a professor at Columbia University's Teachers College, who tracks school funding litigation, said plaintiffs have prevailed in 23 states since 1989, while IL is one of 16 states where funding challenges have failed. It has $11 billion in overdue bills and pension-program shortfalls totally $130 billion.More news: Oil falls on rise in United States drilling, selling ahead of OPEC report
Brady was encouraged by what the governor had to say about higher education funding.
In a news release, Long said he was "optimistic as ever" the Senate would reach a budget agreement. No action has since been taken.
The move orchestrated by advocates of Chicago's public schools and several ministers made its visual point clearly but did nothing to advance the cause for more equitable school funding in Springfield, Illinois' capital. "Recently, we have seen momentum in the Senate toward a bipartisan budget framework".
Senate President John Cullerton, co-author of the Senate package along with Radogno, did not comment on the fiscal 2018 proposal laid out by Rauner or on his "Grand Bargain" demands. "If we work together and make the right decisions now, the potential of our state is unlimited". "This attitude is what's needed from everyone if we are going to move IL forward".
To begin untangling these seemingly contradictory assertions, you have to understand the rules for the gubernatorial budget proposals.
The governor said IL must break the cycle of unbalanced budget after unbalanced budget.
A stop-gap budget that was passed a year ago, expired in January.More news: Trump's Labor Secretary Nominee Puzder Expected to Withdraw