Senator Steans Provides A Legislative Update

Budget

The Senate convened a joint appropriations committee hearing on the budget deficit.  We received budget projections from the Governor’s Office of Management and Budget and the bi-partisan Commission on Government Forecasting and Accountability.  Four different policy groups also provided an overview of the budget crisis and proposed solutions – The Center for Tax and Budget Accountability, the Civic Committee, the Civic Federation and the Illinois Policy Institute.  All stressed that

Illinois
is on a precipice of financial disaster with a $13 billion projected budget deficit for the next fiscal year.