Illinois state capitol building

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May 1st Means 'Crunch Time' for Illinois Capitol

April 30, 2018 - 8:32 am
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ST. LOUIS (KMOX) - May 1 traditionally marks the start of "crunch time" at the Illinois State Capitol as they rush to finish the state's business by May 31st.

But some Republicans are worried they can't start serious budget crafting without first adopting a revenue estimate.

“This is not some idea that might be helpful in the budget process, this is not a public relations ploy to cause a stir and get people riled up over nothing, it is our legal and constitutional duty to certify a revenue estimate and to live within our means in Illinois,” says House Republican Leader Jim Durkin.

The legislature's research commission estimates the state will take in roughly $37.7 billion during the next fiscal year. Durkin says the only way to properly budget is to know how much money you have to work with and adhere to it.

Illinois is still owes tens of billions in past due bills, plus at least a billion in interest and late fees due in part to an unprecedented two year budget impasse.