budget deficit

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. 

www2.illinois.gov/

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.