Failed $2.2 billion temporary budget was unbalanced, more of the same for Illinois, according to GOMB

Failed $2.2 billion temporary budget was unbalanced, more of the same for Illinois, according to GOMB

A last-ditch attempt at a temporary budget represented the same untenable spending pattern that taxpayers cannot afford.

Two days into the fiscal year, the state is still operating without a budget. On July 1, the Illinois House voted down a proposed amendment that would have provided a one-month operating budget of $2.2 billion that would have done nothing to fix Illinois’ spending problem.

The Director of the Governor’s Office of Management and Budget, or GOMB, Tim Nuding, penned a letter to Gov. Bruce Rauner that the one-month budget proposal was on track to make for an unbalanced budget. He concluded: “This proposal … is little, if any, improvement over the out of balance unconstitutional budget the legislature passed just a few weeks ago.”

The GOMB analysis concludes that this monthly spending, when annualized and in addition to other statutory spending, would total more than $36 billion from the General Revenue Fund for fiscal year 2016. That’s an amount reaching Quinn-era levels. Meanwhile, GOMB projects only $32 billion in revenue, which means this one-month proposal, on an annualized basis, would be $4 billion dollars short, just like the last budget proposal Democrats passed.

What’s more, the $2.2 billion, one-month plan would only have funded 13 agencies out of 88.

The Illinois Constitution requires a balanced budget, and this failed temporary proposal represented the same untenable spending pattern that taxpayers cannot afford.

Want more? Get stories like this delivered straight to your inbox.

Thank you, we'll keep you informed!