Posted on May 25, 2012 12:26 PM
State Budget Legislative Action
The General Assembly is nearing its scheduled adjournment on May 31, 2012, but has yet to agree on a budget for the state’s General Revenue Fund (GRF). In February, Governor Quinn released his proposed budget for the state’s fiscal year 2013. Leaders in both chambers have introduced budget bills, but much of the discussion about the state budget until this point has centered on pension reforms and Medicaid debt.
On May 24, the State Senate took an important initial step debating and passing three budget bills, SB 2404, SB 2455, and SB 2461. The vote was along party lines, 34-24. In addition to concern about the State’s fiscal plans, CMAP is following each of these bills because of their impact on the work of this agency and its partners. SB 2404 covers funding for general operations via the GRF, other state funds and federal funding. The Illinois Department of Transportation (IDOT) budget and $6 million for metropolitan planning and research are included in SB 2404. SB 2461 proposes a budget for pension payments, Medicaid debt service, and group health insurance. SB 2455 includes IDOT grants to the Regional Transportation Authority for paratransit. The Senate Democrats’ budget analysis states that the budget plan is within the agreed revenue base of $33.719 billion and reduces discretionary spending by $255 million from the FY12 budget. The House is expected to take action soon.
The State’s fiscal condition impacts the ability of CMAP and its partners to ensure the future vitality of the region. For more information, see the recent policy update “State’s Fiscal Condition and Implementation of GO TO 2040.”