Illinois Budget

Between fiscal years 2013 and 2014, total spending in Illinois increased by approximately $4 billion, from $66.4 billion in fiscal year 2013 to an estimated $70.4 billion in 2014.  The $70.4 billion includes $20 billion from federal funds. State revenue is expected to be $32.1 billion with expenditures of $37.8 billion.. State debt is $ 321.4 billion. http://ballotpedia.org/Illinois_state_budget_and_finances

Illinois’ GDP in 2015 is estimated at $742.4 billion, the 5^th largest GDP of the states. Illinois, with decades of bad Democrat management spent more than their revenue for years. They elected a Republican governor and he began to cut.

Snip, snip, chop: Gov. Bruce Rauner’s plans for FY2016 budget cuts in Illinois, Caitlin Wilson Feb 19, 2015

In his first Budget Address to the Illinois General Assembly, Gov. Bruce Rauner decried the “sleight of hand budgeting” and “financial recklessness” that has besmirched the state’s fiscal condition with its more than $6 billion budget deficit and $111 billion in unfunded pension liabilities. He made it clear that he wanted to diverge from the state’s current spending practices and forge an “honest path forward” toward a more stable financial situation for the state.

One of the best ways to do that, said Rauner, is to cut spending where it is wasteful, unhelpful or redundant. He outlined several ways in which Illinois could its reduce its spending burden in the upcoming fiscal year, which begins July 1.

Here is a cultivated list of spending cut details Rauner is proposing for next year’s budget, based state general funds from FY 2015 enacted appropriations and the governor’s FY 2016 proposed appropriation. Here are some budget cut highlights:

• $5 million from the General Assembly
• $400 million from higher education
• $5 million from the State Board of Elections
• $3 million from the Department of Agriculture
• $6 million from the Department of Natural Resources
• $139 million from the Department of Children and Family Services
• $21 million from the Department of Labor
• $1 billion from the Department of Healthcare and Family Services
• $22 million from the Department of Public Health
• $500,000 from the Executive Ethics Commission
• $8 million from the promotion of Illinois tourism
• $31 million from alcohol and substance abuse programs
• $2.2 billion in pension savings
• from every statewide constitutional office
• total $4 billion.
  And even though there is a $300 million overall increase to K-12 education, the budget includes $21 million worth of cuts from the following programs:

• At-risk Students
• College and Career Readiness
• Effective Teachers and Leaders
• Nutrition
• Special Education
• Need-based scholarships and grants
   http://www.rebootillinois.com/2015/02/19/editors-picks/caitlinwilson/snip-snip-gov-bruce-rauners-plans-fy2016-budget-cuts-illinois/33321/
  $32.1 billion Total projected state revenue, FY 2016.
  $37.8 billion Estimated spending, FY 2016.
  $5.2 billion/35.3 percent Amount of decline in state income tax revenue from FY 2014 to FY 2016.
  $6.4 billion Estimated amount of unpaid bills on June 30,2015.
  $9.9 billion Projected backlog of unpaid bills by end of FY 2016.
  $6.8 billion Owed to pension funds in FY 2015.
  $3.6 billion/86.7 percent Amount by which pension costs grew from 2010 to 2014.
  25 percent Portion of state-generated income that goes toward pensions.
  $5.4 billion Amount saved in pension payments from FY 2016-2019 if Illinois Supreme Court upholds pension reform law
  $650 million Amount borrowed from special state funds for 2015 budget that must be repaid in 2016 budget
  $789 million Amount of 2015 spending pulled from FY 2015 budget and placed into FY 2014 to hide spending.
  $1.439 billion total hidden spending/borrowing from current budget that must be paid back in FY 2016.
  http://www.rebootillinois.com/2015/02/17/editors-picks/mattdietrich/dirty-dozen-illinois-fy-2016-budget-numbers/33250/
  Comments
  Déjà vu Déjà vu.  We’ve seen this before.  The cuts look like Illinois is off to a good start, but it’s not over.  The $321.4 billion debt will have to go.
  The same fate should befall our federal government after 2016 if we’re lucky enough to last until then. There is an easy $1 trillion in federal spending cuts needed and we won’t even feel it.  This is all UN Agenda 21 spending based on the global warming hoax and “new world order” bribes to states and socialist infrastructure we won’t need after we quit the UN.
  Norb Leahy, Dunwoody GA Tea Party Leader