July 6, 2017 Update

For the first time in over two years, the state of Illinois has a budget for the entire fiscal year. The Illinois House convened at 3:30 p.m. today after a two-hour security issue that closed the Illinois Capitol forcing all persons inside the building to shelter in place.  Once in session, the House overrode the Governor’s vetoes of SB 9 (the revenue bill, 71-42), SB 6 (the appropriations bill, 74-37), and SB 42 (the budget implementation bill, 71-41).  The bills all take effect immediately and the income taxes increases, both corporate and personal are retroactive to July 1st, 2017.
Work remains to be done. It is still necessary for the General Assembly to approve a mechanism in statute creating the “evidence-based” funding model that replaced the General State Aid formula in SB 6 for K-12 education (the appropriations bill).  The evidence-based model contains 27 “essential elements” that are used in a formula to create adequacy requirements for each school district.  SB 1 (Manar/W.Davis), which is on hold in the Senate, contains the necessary language to allow schools to access the funding appropriated in SB 6, but there are still differences of opinion as to how funds should be distributed.  Efforts are underway to reach a solution.  The process for school state aid payments typically begins in July for the upcoming school year.
The General Assembly will continue to work on the reform agenda items requested by the Governor.  Speaker Madigan asked that both sides of the aisle work cooperatively on these items going forward. The House adjourned until the call of the Speaker.