budget deficit

Gov. Bruce Rauner says the state's budget deficit will be $5.4 billion. The figure is far below the $7.8 billion that the Legislature's bipartisan Commission on Government Forecasting and Accountability projects.  The Republican governor and lawmakers have been unable to agree on a budget. Court-ordered spending continues, outstripping revenue. 

Rauner: Budget delays will cost the state more

Jul 15, 2016

Illinois Governor Bruce Rauner says the state will need more revenue to reduce the deficit the longer it goes without a full budget.

Rauner spoke today at an American Legion event in Springfield... a day after a government commission found the state is on pace to spend nearly 8 billion dollars more than it will take in. Rauner says the state will need money because of interest penalties the state must pay for delinquent bills.

A spokeswoman for Gov. Bruce Rauner says a report that Illinois will build up an $8 billion spending deficit this year shows that the Republican's agenda for changing the state's business climate is necessary.  
The legislative Commission on Government Forecasting and Accountability issued a report that showed spending in the stopgap budget deal approved in June will exacerbate the state's money problems. Expenses will outstrip revenues by nearly $8 billion.

Illinois House Republicans are launching automated phone calls blasting Democrats who voted for a state spending plan they say would lead to a $7 billion budget deficit.  The House GOP's campaign organization started the so-called "robocalls" to voters in seven legislative districts where Republicans hope to unseat incumbents in November.

Flickr Creative Commons/Mark Goebel

Illinois Republican leaders say they're encouraged by Democrats' willingness to negotiate a deal to end an 11-month budget stalemate despite House Democrats passing a spending plan the day before that prompted boos from the GOP.   The Republican leaders spoke after meeting with Gov. Bruce Rauner and Democratic House Speaker Michael Madigan and Senate President John Cullerton. 

Illinois Democratic House Speaker Michael Madigan is proceeding with his own budget proposal in defiance of Gov. Bruce Rauner's wish for a compromise that includes pro-business, union-weakening reforms to settle a nearly yearlong stalemate. 

Peoria Public Schools could be forced to cut all extracurricular activities, from sports to clubs, if state funding doesn't come through in the fall.

The latest chapter in Illinois' protracted budget battle will play out this week when Republican Gov. Bruce Rauner gives lawmakers his spending plan for next year. 

Illinois’ budget deficit is a billion dollars more than initially predicted.  Comptroller Leslie Munger, who signs checks for the state government, announced today that Illinois will be more than $6 billion dollars in debt by June 30th.  That is, if the state continues its current rate of spending without a budget.

Officials with Chicago Public Schools say they're sending layoff notices to 227 administrative employees and closing up another 180 positions that were already vacant.  57 employees will be able to reapply for 35 positions.

A Chicago Public Schools official says the district will lay off some of its central office staff on Friday.  The announcement comes a day after Republican legislators called for a state takeover of the financially troubled school district. 

A major credit rating agency has downgraded Chicago Public Schools' rating deeper into "junk" status.  Fitch Ratings lowered the rating to B-plus, citing the district's multimillion-dollar budget deficit and huge unfunded pension liabilities. The previous rating was BB-plus. 

House Speaker Michael Madigan says the state's income tax should be restored to the 5% level it was at until January.

Illinois residents may be aware of the state’s budget deficit and the severe under funding of its public pension systems. But a new report identifies a so-called “third deficit” that its author says also needs attention.

Illinois Democrats advanced more of their budget Wednesday, despite the deficit it would create. At the same time they squashed some of the Republican governor's requests.

Illinois House Democrats are introducing a 2016 budget they say cuts spending more modestly than Republican Gov. Bruce Rauner's proposal. 

A standoff between Republican Illinois Gov. Bruce Rauner and majority Democrats is threatening to derail action on a long list of issues as lawmakers enter the final week of their spring session.  

Gov. Bruce Rauner's administration is touting new legislation centered on his "Turnaround Illinois" agenda as a compromise to help break a stalemate over the state budget. 

The Chicago Teachers Union has filed an unfair labor practices complaint with the state labor relations board against the Chicago Board of Education.

A free smoking cessation program has shut down. Twenty-seven of its workers were laid off yesterday, days after the tobacco quitline received a letter last Friday from the state public health department.  The letter said it would get no more money for the remainder of the fiscal year. 

A budget deal lawmakers have approved means about a $15 million cut for the University of Illinois. 


When Bruce Rauner became governor this week, he stepped directly into a big budget hole. Illinois' about halfway through its fiscal year and the state's running at a deficit.

Peoria District 150 School board, the City of Peoria and the Moss Bradley Neighborhood Association are going back to the drawing board when it comes to finding a new purpose for the retired, historic Washington School building.

The Republican nominee for governor says he wants to roll back Illinois' income tax hike. But he has yet to say much else about how he would handle the resulting budget deficit. IPR'S Amanda Vinicky reports.

Illinois' temporary income tax hike would become permanent if Democratic Governor Pat Quinn has his way.