Analysis of Governor's FY17 Budget Proposal

Submitted on Fri, 02/19/2016 - 10:40

 

The Fiscal Policy Center at Voices for Illinois Children, an RBC member, has done an analysis of the Governor’s FY17 Budget Proposal.  Illinois is projected to take in $6.6 billion less than what is necessary to fund services for children, families, and communities at FY15 levels.  The Governor’s budget assumes $2.6 billion in cuts/savings from human services, higher education, public employee benefits, procurement changes, and other items.  The Governor also assumes $475 million in other revenue sources, including revenue anticipated from the sale of the Thompson Center.  Even after those cuts, the Governor’s budget remains $3.5 billion out of balance.  The Governor says he is open to new revenue to help close the $3.5 billion gap provided the General Assembly would approve some of his “Turnaround Agenda.”

Read the Fiscal Policy Center's full analysis here.

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