Illinois’ debt per student is the 11th highest of any state in the nation. It is almost 15 percent higher than the national average of $8,764.View Report
Illinois’ budgetary mess preceded Gov. Bruce Rauner’s tenure, with years of gimmicks, borrowing and broken promises.
Illinois House Bill 3868 would give Gov. Bruce Rauner the authority to trim costs and reorder the state’s spending priorities to balance the budget.
Due to fiscal crises, both state and local governments are asking more and more from the same taxpayers – encouraging many of them to leave instead.
The status quo isn’t working for Illinois; the state needs serious reforms to get its spending under control, pay down its debt, and rein in the taxes that are driving its people across state lines.
Pension costs alone now consume a quarter of the Illinois state budget.
For years, Illinois lawmakers have prioritized government-worker pay and benefits over social services. Between 2000 and 2015, contributions to Illinois state-worker pension funds shot up 586 percent, while state payments for human services increased by only 10 percent.
Illinois' budgeting process is not fair to the people of Illinois.
llinois Comptroller Leslie Munger said Speaker Madigan's budget proposal would increase the state's unpaid bills to $15 billion and cause eight to nine month payment delays for vendors.
Despite a constitutional requirement to do so, Illinois politicians have not passed a balanced budget since 2001.
Temporary, unbalanced budget now moves to the governor’s desk for approval – Rauner has said he will veto the measure.