JEFFERSON CITY, Mo. (AP) – Missouri’s revenues are up nearly 3.6 percent compared to last year, but that’s just half the pace necessary to pay for everything in the state budget. Acting State Budget Director Dan Haug says the figures released Tuesday show solid growth of about 5.6 percent in the withholding taxes that comprise…
SPRINGFIELD, Ill. (AP) – Gov. Bruce Rauner’s says the state’s budget deficit will be $5.4 billion. The figure announced Thursday is far below the $7.8 billion that the Legislature’s bipartisan Commission on Government Forecasting and Accountability projects. The Republican governor and lawmakers have been unable to agree on a budget. Court-ordered spending continues, outstripping revenue.…
Only one coalition provider has been paid so far
SPRINGFIELD, Ill. (AP) – Just because Illinois lawmakers approved a stopgap budget doesn’t necessarily mean that motorists will again receive reminders in the mail that it’s time to renew their license plate registrations. The stopgap budget approved last week provides $35 million to cover the Secretary of State’s operations through December but The Pantagraph in…
Nixon said in a news release that further budget restrictions might be necessary if the legislature overrides his vetoes of three tax breaks
Kander said Thursday that he supports amending the U.S. Constitution to require a balanced budget
The General Assembly adjourned May 31 without a budget deal for the second year in a row
Last year lottery winners sued when the state withheld winnings because of lack of a budget
SPRINGFIELD, Ill. (AP) – Illinois has borrowed $550 million for construction at what Gov. Bruce Rauner’s administration says is a record-low interest rate despite the state’s beleaguered financial position. Rauner’s office announced Thursday that it sold $550 million in bonds at an interest rate of 3.7 percent. That’s below the 4 percent interest offered when…
CHICAGO (AP) – Comptroller Leslie Munger says without a new budget agreement, Illinois will again stop paying lottery winners, 911 call centers and higher education grants starting July 1. Munger addressed Illinois’ ongoing budget impasse Thursday. She says without new legislation, her office won’t be able to write checks. The Republican says the situation could…