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Budget + Tax

Budget Issue Picture

Budget Negotiations

The Illinois Constitution states, “Proposed expenditures shall not exceed funds estimated to be available for the fiscal year as shown in the budget.”   However, the Illinois General Assembly has not passed a balanced budget since 2001. Every year, budget-gimmickry  is used to give the illusion the budget appears balanced, but really isn’t.   A Republican governor […]

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Legislator Pay

Legislator Pay

As legislators failed to pass a budget by the May 31 deadline, state workers are now facing reduced pay and temporary lay-offs. Legislators' paychecks continue to arrive on time.

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Pension Reform

Lawmakers should support shifting public employees to a defined contribution, 401(k)-style retirement plan, like what is seen in the private sector. It is time to move beyond the outdated defined benefit structure for Illinois' public employee pensions.

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Balanced Budget and Spending Caps

It may not seem like it, but lawmakers are required by the Illinois Constitution to pass a balanced budget each year. But this constitutional requirement is filled with loopholes, and these loopholes must be closed in order to return Illinois to sound fiscal footing and sunset the 2011 tax hike after the next fiscal year like Illinois taxpayers were promised.

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