© 2024 Peoria Public Radio
A joint service of Bradley University and Illinois State University
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

Civic Federation Urges Budget With New Revenues, Borrowing

A Chicago tax policy and research group is urging Illinois lawmakers to pass a full budget instead of "piecemeal" solutions in the final weeks of the legislative session.  The Civic Federation says in order to close an estimated $4.6 billion deficit, Illinois needs spending restraints, increased revenues, and borrowing for unpaid bills. 

May's end marks a budget deadline. However, there's been a two-year stalemate between Republican Gov. Bruce Rauner and the Democratic-controlled Legislature. A stop-gap budget expired in January.

Federation President Laurence Msall calls the impasse a spectacular failure.  The federation rejects Rauner's proposed budget, saying it would increase the unpaid bill backlog from $12 billion to $19.7 billion and relies on uncertain savings, one-time revenues, and a tenuous Senate compromise.

Rauner's spokeswoman blames decades of fiscal mismanagement for the crisis and calls for structural reforms.

The Associated Press is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, it's a not-for-profit news cooperative owned by its American newspaper and broadcast members.