Illinois’ first Republican Governor in twelve years delivered his first annual State of the State speech to a joint session of the Illinois General Assembly on Wednesday, February 4th.
Lawmakers adjourned their annual fall veto session in early December without taking action on the state’s looming budget crisis as they await the inauguration of Republican Governor-elect Bruce Rauner on January 12th. The state’s temporary five percent income tax rate will expire on schedule on December 31st leaving a two-billion dollar hole in the current fiscal year budget ending June 30th. The budget gap grows to more than four billion dollars in the Fiscal Year 2016 budget beginning July one, resulting deep cuts to all areas of state government including education, health and human services, and public safety if nothing is done.
Illinois Lawmakers adjourned their spring session at the end of May after the Democratic majorities in the Illinois Senate and House patched together a $35.7-billion budget for Fiscal Year 2015 without extending the temporary income tax increase.
The Illinois House of Representatives will vote on a budget that is $4-billion less than the $38-billion spending plan approved a week ago after Speaker Michael Madigan said that he does not have enough votes to extend the state’s temporary tax increase.
On this week’s program, House Democrats begin advancing their version of next fiscal year’s budget without having voted to extend the state’s temporary income tax increase and a Sangamon County Circuit Judge temporarily blocks the implementation of the state’s new pension reform bill.