Legislative analysts predict that Illinois revenue will grow only by $200-million this year, less than 1%. The bipartisan Commission on Government Forecasting and Accountability's figure is significantly lower than Gov. Bruce Rauner's prediction.
A commission report says the Republican governor counts $925-million in revenue which "can be described in varying degrees from being unlikely to uncertain."
The report says the administration counts on $500-million in federal Medicaid reimbursement, $200-million from the sale of the Thompson Center state office building in Chicago; and sweeping the state's "rainy day" fund of $275-million.
The commission says job losses and wage weakness contribute to lowered income and sales tax revenue.
