Budget Slideshow
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Budget Slideshow

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    Budget Slideshow Budget Slideshow Presentation Transcript

    • 2012 Funding Sources Where the money comes from… Budget Funding Sources: • General Revenue Fund (50.3%): This is the state’s main fund. Most of the state’s budget priorities are funded from this source. Its primary revenue sources include income tax and Other State sales tax.Funds, 36.0% General • Other State Funds (36.0%): Most of Revenue this money is generated by specific fees for designated purposes. For example, there is a Fund, 50.3% checkoff on your income tax return that, when selected, puts money into the Illinois Military Family Relief Fund for grants to families of National Guardsmen called to active duty after 9/11. Federal • Federal Funds (13.7%): Many federal funds are “matching funds,” where the state must Funds, 13.7% spend money to receive a matching amount from the federal government. Many of the federal funds go to specific purposes, like education.
    • 2012 Spending in Illinois Where the money goes…Public Safety 5% All Other State Spending 8% Human Spending Totals: Services 45% • Human Services: $13.039 • Education: $12.168 • Public Safety: $1.475 • Other: $2.231 Education 42%
    • Breaking down IL spending 2007-2012 Education Spending 2007-2012 8.0 7.5Billion Dollars 7.0 6.5 6.0 2007 2008 2009 2010 2011 2012
    • Breaking down IL spending 2007-2012 Higher Education Spending 2007-2012 2.2 2.2 2.2 2.2 2.1Billion Dollars 2.1 *Funding cuts 2.1 contribute to higher tuition costs! 2.1 2.1 2.0 2.0 2007 2008 2009 2010 2011 2012
    • Breaking down IL spending 2007-2012 Human Services Spending 2007-2012 4.4 4.2 4.0Billion Dollars 3.8 3.6 3.4 3.2 3.0 2007 2008 2009 2010 2011 2012
    • Breaking down IL spending 2007-2012 Agriculture and Natural Resources Spending 0.09 0.08 0.07Billion Dollars 0.06 0.05 0.04 0.03 0.02 2007 2008 2009 2010 2011 2012 Agriculture Natural Resources
    • State Medicaid Pressure$18,000.00$16,000.00$14,000.00$12,000.00$10,000.00 $8,000.00 ($ in millions) $6,000.00 $4,000.00 $2,000.00 $0.00 2007 2008 2009 2010 2011 2012 2013 (est.) (est.)
    • State Pension Pressure$6,000$5,000$4,000$3,000 ($ in millions)$2,000$1,000 $0 2007 2008 2009 2010 2011 2012 2013
    • What’s happening?• Cuts to spending on education, agriculture, and state services…• BUT increased spending on Medicaid & pensions?
    • So will these trends continue? Spending Projections for the next 5 years Pension & Medicaid Spending All Other Spending$8.0 $22.0$7.5 $21.0 $20.0$7.0 $19.0$6.5 $18.0$6.0 $17.0$5.5 $16.0$5.0 FY12 FY13 FY14 FY15 FY16 FY17 $15.0 FY12 FY13 FY14 FY15 FY16 FY17 Pensions Medicaid
    • Pensions & Medicaid squeeze spending on all other state programs, includingeducation, agriculture, and all other state services. 2012 In 5 years… Pensions Pensions All Other All Other Spending Medicaid Spending Medicaid
    • Who is on Medicaid? Seniors, 6.1 % Other Adults , 23.4% Children, 61 .1% DisabledAdults, 9.3%
    • Who are we paying for? Patients Medicaid Spending Seniors by population Other Adults Seniors Children ChildrenDisableAdults Other Adults Children make up the majority of Medicaid Disabled patients, yet receive Adults less than half of the services.
    • Who gets a state pension?• TRS: Teachers’ Retirement System• SURS: State Universities Retirement System• SERS: State Employees’ Retirement System• JRS: Judges’ Retirement System• GARS: General Assembly Retirement System Average state employee pension? $29,063
    • Recent Pension Reforms Bring BIG Savings Pensions Savings from Recent Reforms $35.0 Total Savings = $25.0 over $38 Billion Dollars billion! $15.0 $5.0 FY10 FY15 FY20 FY25 FY30 FY35 FY40 FY45 Before Reform After Refom The Illinois Senate passed major reforms for new state employees’ pensions in 2010.
    • Why can’t we just CUT pensions and Medicaid? Article XIII, Section 5 of the Illinois Constitution provides that:• Simply put: federal “Membership in any pension or laws and the Illinois retirement system of the State, any unit of local State Constitution government or school district, or prohibit many cuts. any agency or instrumentality thereof, shall be an enforceable contractual relationship, the benefits of which shall not be diminished or impaired."