Illinois state budget (2008-2009)
| Note: This article was last updated in 2009. Click here for more recent information on state budgets and finances. |
The Illinois state budget is implemented annually for a fiscal term that runs from July 1 to June 30 of the following year.[1] The state budget is drafted by the governor.[2] The governor prepares suggestions for the amount of funds that will be appropriated to each department, provides estimates of the incoming revenue that will be derived from sources other than taxation and estimates the amount of revenue that must be raised through taxes.[2]
Illinois' budget history
As of March 2009, Illinois was expected to face an $11.5 billion shortfall by the end of the fiscal year.[3][4]
The Illinois state government appropriated $86,401,237,988.00 to be spent in fiscal year 2008.[5]
The Illinois state government appropriated $67,693,357,273.26 to be spent in fiscal year 2007.[6]
| Fiscal year | General funds expenditures | % Change from previous year |
|---|---|---|
| 1999 | $21,527,000,000[7] | 9.4%[7] |
| 2000 | $22,976,000,000[7] | 6.7%[7] |
| 2001 | $24,583,000,000[7] | 7.0%[7] |
| 2002 | $25,125,000,000[7] | 2.2%[7] |
| 2003 | $24,861,000,000[8] | -1.0%[7] |
| 2004 | $26,365,000,000[9] | 6.0%[9] |
| 2005 | $28,247,000,000[10] | 7.1%[10] |
| 2006 | $28,452,000,000[11] | 0.7%[11] |
| 2007 | $30,116,000,000[7] | 5.8%[7] |
Budget status, 2008-2009
Illinois faced an $11.5 billion deficit.[4]
Governor Quinn's proposed reforms
On March 18, 2009, Gov. Quinn gave a State of the Budget address before the Illinois legislature in which he presented his proposal to address the state deficit through a combination of spending cuts, ethics reforms and tax and fee increases.[3] According to the governor's 2010 Executive Budget Overview, the projected $11.6 billion deficit Illinois faced for 2009 and 2010 put Illinois just behind California and New York for having the largest deficit.[12]
See also
- Illinois government sector lobbying
- Illinois state budget and finances
Footnotes
- ↑ Center for Budget and Tax Accountability, Citizen's Guide to the Illinois State Budget & Tax System, January, 2008
- ↑ 2.0 2.1 Illinois General Assembly, 15 ILCS 20/Civil Administrative Code of Illinois, Article 50. State Budget
- ↑ 3.0 3.1 Cite error: Invalid
<ref>tag; no text was provided for refs namedbudget address - ↑ 4.0 4.1 Chicago Tribune, Quinn making most of his opportunity, March 18, 2009 (dead link)
- ↑ [http://www.wh1.ioc.state.il.us/Expert/Exp/EESummary.cfm Illinois Comptroller Office, "In-Depth Analysis of Expenditures."
- ↑ [http://www.wh1.ioc.state.il.us/Expert/Exp/EESummary.cfm Illinois Comptroller Office, "In-Depth Analysis of Expenditures."
- ↑ 7.00 7.01 7.02 7.03 7.04 7.05 7.06 7.07 7.08 7.09 7.10 Executive Summary FY2007
- ↑ Executive Summary FY2003
- ↑ 9.0 9.1 Executive Summary FY2004
- ↑ 10.0 10.1 Executive Summary FY2005
- ↑ 11.0 11.1 Executive Summary FY2006
- ↑ Fiscal Year 2010 Budget, March 18, 2009
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