Governor Rauner's FY2019 General Fund Budget Proposal Neither Balances Nor Addresses Long-Term Structural Fiscal Issues

CTBA FY18-19 Budget Analysis


May 24, 2018

Fiscal Year (FY) 2019 marks the fourth General Fund Budget proposed by Governor Bruce Rauner. For the first two years of Governor Rauner’s administration, FY2016 and FY2017, the state went without a full General Fund Budget. That gave Illinois the dubious honor of going the longest that any state in the country had ever gone without a budget.  This budget impasse led to an explosion in the state’s deficit under Governor Rauner’s watch. The state’s backlog of bills was $5.97 billion on July 1, 2015, when the impasse began. By the end of FY2017, the state’s accumulated deficit in its General Fund had grown to $16.87 billion, a $10.9 billion, or 183 percent, increase over just two years.

Topics:Tax and Budget

Tags:FY2018, FY2019, Governor Rauner, Illinois General Fund, State Budget, State Revenue, Personal Income Tax, Tax Rate, Pensions