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Keyword: budget

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  • Why Illinois Is In Trouble - 63,000 Public Employees With $100,000+ Salaries Cost Taxpayers $10B

    07/26/2017 10:08:53 AM PDT · by SeekAndFind · 35 replies
    Forbes ^ | 07/26/2017 | Adam Andrzejewski
    Illinois is broke and continues to flirt with junk bond status. But the state’s financial woes aren’t stopping 63,000 government employees from bringing home six-figure salaries and higher. Whenever we open the books, Illinois is consistently one of the worst offenders. Recently, we found auto pound supervisors in Chicago making $144,453; nurses at state corrections earning up to $254,781; junior college presidents making $465,420; university doctors earning $1.6 million; and 84 small-town “managers” out-earning every U.S. governor. Using our interactive mapping tool, quickly review (by ZIP code) the 63,000 Illinois public employees who earn more than $100,000 and cost taxpayers...
  • CBO Releases Report on Pres. Trumo's Proposed Budget

    07/14/2017 7:10:16 AM PDT · by Principled · 25 replies
    One America News Network ^ | 7-14-2017 | OAN Newsroom
    Office of Management and Budget Director Mick Mulvaney said Wednesday the Congressional Budget Office sabotaged scoring of the Republican health care bill. (Photo/AARON P. BERNSTEIN/REUTERS) July 14, 2017 OAN Newsroom The Congressional Budget Office says President Trump’s proposed budget would slash the deficit and greatly help the economy. Analysis by the CBO claims the 2018 budget would reduce the deficit by $160 billion, while increasing the GDP. Additionally, cuts to health care spending would save the economy over one trillion dollars over the next decade. The White House says it is thrilled by the CBO’s analysis, and claims the president’s...
  • A Look at Illinois' Budget Disaster as Impasse Hits 3rd Year

    07/01/2017 3:43:58 PM PDT · by BackRoads775 · 24 replies
    http://www.nbcchicago.com ^ | 1 July 2017 | By Sara Burnett
    Illinois started its third straight fiscal year without a state budget on Saturday, territory that could mean some universities won't be able to offer federal financial aid, road construction and Powerball ticket sales will halt, and the state's credit rating will be downgraded to "junk." While a spending plan got early approval in the House on Friday, the chamber later adjourned for the day, with House Speaker Michael Madigan saying they would return Saturday — the first day of the new fiscal year.
  • New Jerseyans feeling impact of state government shutdown [HWGA fakenews]

    07/01/2017 10:21:48 AM PDT · by Olog-hai · 12 replies
    Associated Press ^ | Jul 1, 2017 12:31 PM EDT | Michael Catalini and Bruce Shipkowski
    New Jerseyans were feeling the impact as a state government shutdown took effect Saturday, shuttering parks and other public sites and disrupting ferry service to Liberty and Ellis islands. Among those affected were a group of Cub Scouts forced to leave a state park campsite and people trying to obtain or renew documents from the state motor vehicle commission, among the agencies closed by the shutdown. Meanwhile, Republican Gov. Chris Christie and the Democrat-led Legislature planned to return to work Saturday to try to resolve the shutdown, the state’s first since 2006 and the first under Christie. It came about...
  • Illinois Is The ‘Venezuela Of The Midwest’

    06/30/2017 1:19:36 PM PDT · by SeekAndFind · 43 replies
    Hotair ^ | 06/30/2017 | John Sexton
    Our columnist Jazz Shaw wrote earlier in the week about the dreadful financial crisis in the state of Illinois. The deadline for a budget deal is July 1st which makes tomorrow the last day for lawmakers to try to arrive at the state’s first budget agreement in three years. From CNN Money: After decades of historic mismanagement, Illinois is now grappling with $15 billion of unpaid bills and an unthinkable quarter-trillion dollars owed to public employees when they retire.The budget crisis has forced Illinois to jack up property taxes so high that people are leaving in droves. Illinois may...
  • Connecticut, Don't Be Illinois

    06/30/2017 6:05:21 AM PDT · by Zakeet · 23 replies
    Hartford Currant ^ | June 2, 2017
    In Illinois, people are moving out as political leaders are locked in an impasse over the state budget. (Sound familiar?) The bond rating for the Land of Lincoln is close to junk status because of the standoff. There is an ugly lesson here for Connecticut's General Assembly: Don't be like basket-case Illinois. Connecticut is headed there, however, if the legislature doesn't end its budget deadlock and address the problems that are putting the state deep in the hole - a $5 billion budget hole over two years. Aetna drove that point home Thursday morning with the message that it's moving...
  • Christie warns state parks could close before July 4 holiday because of budget war

    06/29/2017 6:13:56 PM PDT · by GuavaCheesePuff · 31 replies
    Newark Star-Ledger ^ | June 29, 2017 | Matt Arco
    TRENTON -- State parks could close ahead of the July 4 holiday because of budget gridlock at the Statehouse, Gov. Chris Christie warned Thursday evening. In a hastily called news conference, the governor mentioned that many families are planning to go to state parks this weekend as he railed against Assembly Speaker Vincent Prieto, who he accused of reneging on a bipartisan budget agreement. The impasse threatens to shut down the government for the first time since 2006 unless a budget is signed by midnight on Friday. "If Speaker Prieto wants to close the government, this is going to be...
  • Illinois budget crisis could shut down Aurora-area road projects

    06/25/2017 11:25:52 AM PDT · by Tolerance Sucks Rocks · 15 replies
    The Chicago Tribune ^ | June 23, 2017 | Steve Lord, Rafael Guerrero and Gloria Casas (Aurora Beacon-News)
    It's possible Illinois is about to come down with a statewide case of Seasonal Affected Disorder. The season is construction, which an old joke says is one of two in Illinois. The disorder is the continuing one in Springfield, where the ongoing budget crisis is about to shut down road projects during the height of that season. And the affected are everyone from officials who work to put needed projects together, to the drivers who have to negotiate construction zones and torn up streets. In Aurora, workers last week got the barriers and cones out to reduce Farnsworth Avenue, near...
  • Living in Illinois Teaches People to Hate Government

    06/21/2017 11:47:12 AM PDT · by PBRCat · 40 replies
    The Chicago Sun-Times ^ | June 21, 2017 | Phil Kadner
    Illinois is the reason people hate government. The state is in the middle of a terrible financial crisis and two political titans are battling over bragging rights to the political carnage. Republican Gov. Bruce Rauner, who is likely to spend more than $100 million on his political campaign if he runs for re-election next year, claims to be on the side of reform. Rauner wants to freeze property taxes, cut worker’s compensation and undermine collective bargaining rights. He would also like term limits for state officials and reduce the gerrymandering of legislative districts. On the other side there is Michael...
  • Powerball, Mega Millions to drop Illinois due to state’s budget crisis

    06/16/2017 8:56:41 PM PDT · by Beave Meister · 41 replies
    Chicago Suntimes ^ | 6/15/2017 | Tina Sfondeles and Stefano Esposito
    The popular Powerball lottery and Mega Millions games will drop Illinois at the end of June without a budget agreement, Illinois Lottery officials said Thursday. Concern over the state’s fiscal condition prompted the Multi-State Lottery Association to drop Powerball in Illinois, according to internal Illinois Lottery communications obtained by the Chicago Sun-Times. Mega Millions also plans to drop the state unless a budget agreement comes together, state officials confirmed. Without a budget in place, the state isn’t authorized to make payments to Mega Millions or the association. Those decisions were reached at national lottery meetings held this week, Illinois Lottery...
  • Trump Admin Orders Federal Agencies to Eliminate Dozens of Paperwork Requirements

    06/15/2017 2:49:02 PM PDT · by ColdOne · 5 replies
    freebeacon.com ^ | 6/15/17 | Cameron Cawthorne
    The Trump administration announced on Thursday it would be eliminating an obscure rule requiring federal agencies to provide updates on how they will prepare for a bug that infected computers in 2000. In addition to eliminating the Y2K bug rule, agencies will also be eradicating dozens of other paperwork requirements. For example, the Pentagon will not have to file a report each time a small business vendor is paid, which consumes approximately 1,200 man hours, according to Bloomberg. "We're looking for stuff everyone agrees is a complete waste of time," Office of Management and Budget Director Mick Mulvaney told reporters...
  • Powerball, Mega Millions to leave Illinois if no budget passed: report

    06/15/2017 10:59:18 AM PDT · by SeekAndFind · 21 replies
    CLTV ^ | 06/15/2017
    CHICAGO — A published report says the multi-state lottery association overseeing Powerball and Mega Millions games will dump Illinois by the end of June if the state doesn’t end its budget impasse. Illinois Lottery spokesman Jason Schaumburg tells The Chicago Sun-Times it’s another example of why Illinois needs a budget. The newspaper also cites internal lottery communications showing concern about Illinois’ finances. The budget stalemate could enter a third year if lawmakers don’t reach agreement by July 1. Republican Gov. Bruce Rauner and Democrats controlling the Legislature have been deadlocked since 2015. The Sun-Times says Illinois reported $99 million in...
  • Journal Times editorial: The time for toll roads has arrived in Wisconsin

    06/15/2017 10:10:55 AM PDT · by Tolerance Sucks Rocks · 23 replies
    The Journal Times ^ | May 30, 2017 | The Journal Times Editorial Board
    Now that the long Memorial Day holiday is over and legislators and the governor have returned from their road trips, we hope they have a better sense of the condition of highways around the state and a renewed sense of urgency on the need for upgrades and repairs. The first order of business, it would seem to us, is to come to some agreement on a state transportation budget for the next two years. Hopefully, hopefully, when that is done they will also take a longer-term view of Wisconsin’s highway construction needs and how best they should be met —...
  • Trump infrastructure push faces cold shoulder from Congress

    06/15/2017 5:41:19 AM PDT · by Tolerance Sucks Rocks · 14 replies
    WXOW News 19 ^ | June 6, 2017 | Erica Werner (AP)
    WASHINGTON (AP) - Repairing the nation's crumbling roads and bridges was supposed to be an area ripe for bipartisan compromise between congressional Democrats and President Donald Trump. Instead, Democrats are panning Trump's proposed $1 trillion overhaul and even Republicans are balking at some aspects of the emerging plan. The White House's self-proclaimed "Infrastructure Week" began with Trump appearing Monday with aviation officials and some prominent GOP lawmakers to announce plans to privatize the nation's air traffic control system and separate operations from the Federal Aviation Administration.
  • Tillerson Slams Biden: ‘Show Me Your Results and I’ll Tell You Your Commitment’

    06/13/2017 10:23:32 AM PDT · by ForYourChildren · 19 replies
    Washington Free Bacon ^ | 06/13/2017 | Jack Heretik
    Secretary of State Rex Tillerson on Tuesday slammed a comment from former Vice President Joe Biden about how budgets reflect priorities. "Don't tell me what you value; show me your budget and I'll tell you what you value," Biden had said. Sen. Chris Coons (D., Del.) mentioned Biden's quote during Tuesday's Senate Foreign Relations Committee hearing with Tillerson. Coons used the quote to reference the Trump administration's proposed funding cuts to the State Department's budget. Tillerson said that results gauged values more than funding. "Having the funds are certainly appreciated and needed, but then we have to be able to...
  • Tolls, private financing obstacles to Trump's $1 trillion infrastructure plan

    06/12/2017 8:16:35 PM PDT · by Tolerance Sucks Rocks · 15 replies
    The Huntsville Item ^ | June 10, 2017 | Kery Murakami CNHI Washington Bureau
    WASHINGTON — President Donald Trump’s grand plan to spend $1 trillion over the next 10 years on highways and other infrastructure improvements faces a formidable roadblock in Congress and state legislatures. There’s agreement the investment is badly needed to improve the nation’s sagging infrastructure but how to cover the huge expense is the point of tension. Trump would use $200 billion in public funds to generate $800 billion in private money under a partnership program that would finance government bonds and also return a profit to private companies through interstate tolls and other user fees. To do that, Congress would...
  • Tension mounts over CT budget

    06/02/2017 7:26:56 PM PDT · by GuavaCheesePuff · 31 replies
    Eyewitness News 3 ^ | June 2, 2017 | Susan Raff and Joseph Wenzel IV
    HARTFORD, CT (WFSB) - Connecticut lawmakers were working at the State Capitol on Friday in the final days of the session. Democrats said they were finding it harder to get bills passed, now that Republicans have more seats and carry more weight. "They said they wanted to lead. They told the voters in the state of Connecticut give us more seats and we will be at the table,” House Speaker Joe Aresimowicz said. “And you know what we have heard, we will offer no votes."
  • Trump's So-Called Medicaid 'Cuts' Actually Increase Federal Spending

    05/30/2017 8:31:39 AM PDT · by SeekAndFind · 13 replies
    Reason ^ | 05/30/2017 | A. Barton Hinkle
    Last week, President Trump proposed massive spending increases for Medicaid. Of course, most of the media didn't report it that way. They reported that the president's proposal "slashes spending." That he wants to cut "at least $610 billion" from Medicaid. That "Trump's Budget Cuts Deeply Into Medicaid." And so on. That might be vaguely true in the Washington sense. It's not at all true in the real-world sense. Here's the difference. If you look at the actual White House budget proposal, you'll note that it includes tables for "baseline" spending and "proposed" spending. Baseline spending is spending that would occur...
  • UN Says Trump Budget Inadequate [semi-satire]

    05/29/2017 10:54:47 AM PDT · by John Semmens · 4 replies
    Semi-News/Semi-Satire ^ | 28 May 2017 | John Semmens
    The Trump Administration's budget aims to reduce the United States' annual contribution toward funding the United Nations. Stephane Dujarric, spokesman for U.N. Secretary-General Antonio Guterres, complained that "the amounts laid out in the budget aren't sufficient for us to continue the vital work of the organization." Currently, there are 193 member nations in the UN. The US has been paying 22% of the UN's $5.4 billion "core" budget and 28% of the UN's $7.9 billion "peacekeeping" budget. Trump's budget proposal would cut the US contribution by one-third and cap the US share of "peacekeeping" at 25%. Dujarric declared that "the...
  • Flaws in liberal "logic" regarding the budget

    05/27/2017 8:52:30 AM PDT · by Sean_Anthony · 4 replies
    Canada Free Press ^ | 05/27/17 | A. Dru Kristenev
    So, Schumer, Pelosi, Sanders, de Blasio and Zuckerberg, get your act together to understand that no one, government or conglomerate can supply health, happiness or purpose for another human being One unremarkable guest (didn’t get his name, in any case) appearing on the Intelligence Report on FBN emphatically asked how poor people are served if the budget is cut that goes to the very people who provide the services? What he didn’t understand is that the budget allocated to administrators only fuels administration. For the most part, a minor percentage makes it into the pockets of those meant to be...