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FY17 Budget and Revenue Overview

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Presented by Senate President John J. Cullerton, March 31, 2017 at the Drury Lane Theater and Conference Center in Oakbrook Terrace.

(This is a shortened version with slide animations removed.)

Published in: Government & Nonprofit
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FY17 Budget and Revenue Overview

  1. 1. FY17 Budget and Revenue Overview Drury Lane Theater and Conference Center, Oakbrook Terrace − March 31, 2017
  2. 2. $13,000,154,828.91
  3. 3. Where the money comes from Source: COGFA FY17 Revenue Estimate (Revised March 2017) $31.4 billion
  4. 4. Current FY17 budget: Where the money goes Revenues: $31.4 billion Spending: $34.4 billion Deficit: -$3.0 billion Source: PA99-524, Governor’s FY18 Budget Book and COGFA FY17 Revenue Estimate (Revised March 2017)
  5. 5. Total spending pressures for FY17 Revenues: $31.4 billion Spending: $38.7 billion Deficit: -$7.3 billion Source: PA99-524, SB6, Governor’s FY18 Budget Book and COGFA FY17 Revenue Estimate (Revised March 2017)
  6. 6. Unpaid Bill Backlog (2016 – 2022 est.) 0 5 10 15 20 25 30 35 40 45 50 Dec-16 Jun-17 Jun-18 Jun-19 Jun-20 Jun-21 Jun-22 Backlogin$Billions $11 Billion $14 Billion Source: GOMB 5-Year Budget Forecast $21 Billion $28 Billion $34 Billion $41 Billion $47 Billion Election Day, 2018 $24 Billion
  7. 7. The Grand Bargain SB1: Education Funding SB2: Minimum Wage SB3: Local Gov’t Consolidation SB4: Bill Backlog Payments SB5: Pension Parity SB6: FY17 Supplemental SB7: Gaming SB8: Procurement Reform SB9: Revenue SB10: Local Gov’t Bonds SB11/16: Pension Reform SB12: Workers Comp Reform SB13: Property Tax Freeze / Mandate Relief

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