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Next session dates: House & Senate June 19-20, 2007
Overtime Session Drags On
Governor Rod Blagojevich and the four legislative leaders continued meeting this week in an effort to achieve consensus on a state spending plan for the fiscal year starting on July 1. Instead of focusing on the entire budget, the Governor chose to bring outside participants into the meetings this week to focus on specific issues including a bailout of the Chicago Transit Authority (CTA) and a cap on Cook County residential property tax assessments.
According to news reports, the Governor indicated that any new state budget needs to include at least $100 million in new revenue for the CTA that faces a budget deficit. Some legislators had proposed a 0.25 percent increase in the local sales tax in the Chicago area to fund the region's transit system but the Governor indicated that he would veto the sales tax increase. In turn, the Governor proposed closing a list of corporate tax incentives to generate the necessary revenue.
To date, only the Illinois House of Representatives, led by Speaker Michael J. Madigan (D-Chicago) have passed a budget. The House budget (SB 1132) contains a three percent spending increase fueled by natural revenue growth and closing $300 million in corporate "loopholes." The budget increases education spending by nearly $400 million and makes the state's pension payment. The Senate has not yet passed their version of a state budget.
While negotiations continue, the various factions remain far apart based on public statements and media reports.
Cable competition bill advances to full Senate
After months of hearings and negotiations between cable companies, telecommunications companies, municipalities, and Attorney General Lisa Madigan, legislation was agreed upon that will allow for increased competition in the cable industry. The final agreement contained in SB 678, brokered by House sponsor Jim Brosnahan (D-Oak Lawn), provides customer service standards and protects the rights of municipalities to control zoning while bringing the benefit of consumer choice in the marketplace. The new legislation, which passed the House overwhelmingly and awaits final approval by the Senate, will lead to improved infrastructure, innovation in technology, and more jobs.
The IMA appreciates all lawmakers who supported SB 678 and the increased competition in the marketplace
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