deficit

State News
7:11 am
Thu May 28, 2015

Illinois Democrats advance budget despite deficit

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.

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Education
5:15 am
Mon March 23, 2015

District 150 looks to tackle $11.5M deficit amid other proposed state cuts

State lawmakers are considering an across the board cut that translates into a $1 million loss for Peoria Public Schools this academic year.  The possibility comes as District 150 is currently grappling with a more than $11 million deficit.  School officials says the more than two-percent across-the-board cut would leave virtually no options for to cut expenses as the school year winds down.  The District 150 School Board will hear more financial information at its meeting Monday night

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State News
3:33 pm
Wed March 11, 2015

Illinois Supreme Court hearing arguments in pension case

Oral arguments have begun before the Illinois Supreme Court on whether a massive state-employee pension bailout invalidated last fall by a lower court will be revived.

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State News
3:51 pm
Wed February 18, 2015

Cullerton says Gov. Rauner's budget hurts working people

State Senate President John Cullerton says Gov. Bruce Rauner's proposed budget hurts working families and Illinois' most vulnerable residents.

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State News
2:05 pm
Tue February 17, 2015

What To Expect From Governor Rauner’s Budget Address

Credit Associated Press

When Governor Bruce Rauner delivers his budget address on Wednesday, it should end months of speculation about his specific plans to address the state budget deficit.

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State News
5:59 am
Wed February 4, 2015

A preview of Rauner's first State of the State Address

A series of speeches around the state gave a preview of what Governor Bruce Rauner will say Wednesday for his first "State of the State" address. 

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Peoria Public Radio News
10:30 am
Wed December 10, 2014

District 150 expecting major deficit

District 150 Superintendent Grenita Lathan gives the annual State of the Schools Address before the Peoria Area Chamber of Commerce.
Credit Tanya Koonce / Peoria Public Radio

Peoria School District 150 is facing an 11 Million dollar deficit this year. Superintendent Grenita Lathan says the district is also now factoring in additional revenue loss.

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Government
11:18 pm
Tue September 9, 2014

Park District staff propose closing Central Park Pool, Newman Golf Course

Peoria Park District staff are proposing to close Newman Golf Course and look to lease out the Central Park Pool to cut costs. It’s part of an effort to fill a projected $1.3 million spending gap for the Park District next year. Director Bonnie Noble says the proposal is to maintain pool services through March of 2015 so the Park District swim team can finish the season:

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Government
11:00 pm
Thu February 27, 2014

Peoria County board members talk cemetery board, sales tax

Some Peoria County Board members say they oppose reducing its number of appointees on the Springdale Cemetery Authority.  The County pays $60,000 a year towards the cemetery operating deficit. The Park District pays $40,000 and the City pays the rest of any remaining deficit.  The City wants to have more representation on the Springdale Board.  That would mean a reduction in a County slot.  County Board member Allen Mayer says the County Board needs to maintain its current presence on the Springdale Authority:

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Government
5:11 pm
Tue October 29, 2013

Report: Illinois close to deficit spending

Illinois does not have enough cash in the bank to pay five billion dollars’ worth of its bills. The state is contributing a fifth of its spending on pensions, after years of skipping out, to the point that Illinois' retirement systems are owed 100 billion dollars.  And Illinois' budget structure is not equipped to handle it. That’s the takeaway of a report released by the University of Illinois' Institute of Government and Public Affairs. The report explores what Illinois can do to get on a path of fiscal stability.  

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