Archive for the ‘advocacy’ Category

Your Weekly News from the Aurora Chamber

Monday, August 24th, 2015
Here is this week’s newsletter to members of the Aurora Regional Chamber of Commerce. If you have Member News to include,
please send it to us by Wednesday the week prior to publication. For more information, contact the Chamber at (630) 256-3180.
Header
August 24, 2015
In This Issue

 

Quick Links

Follow Us!
Facebook Twitter Blog

Elite Members

For more information contact the chamber.

95.9 The River
Above Board Indoor Environmental
Accurate Personnel
Alarm Detection Systems, Inc.
Aurora University
Bad Monkey Circus Agency: Websites-Video
Baird & Warner – Holli Thurston
Basils Greek Dining
BKD, LLP
BMO Harris – Bilter Rd.
BMO Harris – Eola Rd.
BMO Harris – Lake St.
BMO Harris – N. Farnsworth Ave.
BMO Harris – W. Indian Trail
CARSTAR North Aurora Collision Center
Caterpillar, Inc.
Chicago Premium Outlets
Chicago Tribune Media Group
ComEd
Continental Acura of Naperville
Continental Audi of Naperville
Continental Mazda of Naperville
Copy King Office Solutions, Inc.
DiGiovine Hnilo Jordan + Johnson Ltd.
Ice Miller LLP
Idilus, LLC
ieple, LLC.
K-Rise Systems, Inc.
Kluber Architects & Engineers
Konen Insurance Agency
Leave Me Bee Pest Control, Inc.
Magnetrol International, Incorporated
Martin Whalen Office Solutions
Mind and Body Chiropractic
Mitutoyo America Corporation
Mooney & Thomas P.C.
Northwestern Medicine
Cadence Fitness & Health Center
Cadence Health Convenient Care & Medical Offices
Central DuPage Hospital
Delnor Glen Senior Living
Delnor Hospital
LivingWell Cancer Resource Center
Old Second National Bank
Painters District Council 30
Paramount Arts Centre
Pipe Fitters Local 597
Plum Landing Retirement Community
Presence Mercy Medical Center
R.C. Wegman Construction Company
Rasmussen College
Resurrection Lutheran Church/School
Rich Harvest Farms
Rush-Copley Medical Center
Ryland Homes – Ingham Park
S&S Metal Recyclers II
Safeguard Construction Company, Inc.
Sign*A*Rama – Aurora
Sleepy’s – Farnsworth
Sleepy’s – North Aurora
Sleepy’s – Rt. 59
SmithAmundsen, LLC
St. Charles Bank & Trust
State Farm Insurance Companies
The UPS Store – Kirk & Butterfield
The Voice
Trust Lending
Two Brothers Roundhouse
Valley Fastener Group, LLC
Waubonsee Community College
Weldstar Company
WIT-Enterprises, LLC
WSPY
Zippy Shell Fox Valley

Welcome New Members

Tri County Lock
Enzo Guagliardo, Owner
206 Lilac Lane, North Aurora
(630) 669-7110
Locksmiths

Law Office of Fred H. Dickson
Dallas Bartz
Fred Dickson
2000 W. Galena Blvd., Ste. 209
Aurora, IL
(630) 897-8840
Law Office

System Guild, Inc.
Vanessa Quick
Luke Snopko
1800 W. Hawthorne Ln., Ste. C
West Chicago, IL
(630) 444-7250
Consulting

 

Contact Us

Mail: 43 W. Galena Blvd.
Aurora, Illinois 60506
Phone: (630) 256-3180
Fax: (630) 256-3189
www.aurorachamber.com

 

 

Public Policy Update
School is back in session. September is almost here. The State remains without a budget for the fiscal year which began July 1. While the General Assembly is in continuous session, there is some news to report:

Governor Signs “Federal Funds” Measure
Ill. Senate Approves MAP Funding
Foster Offers Seminar for Hiring People with Disabilities
Data Security Bill Vetoed
Are You Aware of the DOL Proposed Changes?

This Week’s Member News
September is National Hunger Action Month. Please join Aurora Area Interfaith Food Pantry for Hunger Action Month Kick-Off Open House. Friday, August 28, from 3:30 to 6:00 p.m. Everyone is welcome. 1110 Jericho Rd., Aurora. For more information call Maureen at (630) 692-3061.

Interested in learning what our members have been up to? Check out our blog for this week’s news from member businesses.

Premier Members
Premier Members
Events for Members
Business Leads Group 1
Tuesday, August 25, at 7:45 a.m.
Chamber Offices

Business Leads Group 2
Wednesday, August 26 at 8:00 a.m.
Chamber Offices

Fox Valley Networking Professionals
Thursday, August 27, at 8:00 a.m.
Pomegranate Restaurant
55 S. Commons Dr., Aurora
Sponsored by CarStar North Aurora Collision Center
Register

Hunger Action Month Kick-Off Open House
Friday, August 28, from 3:30 to 6:00 p.m.
Aurora Area Interfaith Food Pantry
1110 Jericho Rd., Aurora

Ambassador Committee Meeting
Thursday, September 10, at 11:30
Chamber Offices

Coffee & Connections
Tuesday, September 15, at 8:30 a.m.
Painters District Council #30
1905 Sequoia Drive, Aurora
Register

Aurora Regional Chamber of Commerce | 43 W. Galena Blvd. Aurora, Illinois 60506
Phone: (630) 256-3180 Fax: (630) 256-3189 | www.aurorachamber.com
This email was sent by Email Patron on behalf of Aurora Regional Chamber of Commerce.

Governor Signs “Federal Funds” Measure

Sunday, August 23rd, 2015

The measure “holds harmless” essential State spending lines that are not burdens on taxpayers who pay income and sales taxes. SB 2042, as amended in the House on August 12, will “pass through” monies given to Illinois for programs mandated or strongly encouraged by Washington, D.C. Gov. Rauner signed SB 2042 into law on Aug. 20.

Although SB 2042 was a Senate bill, the final language approved by the General Assembly and the Governor was developed in the Illinois House after pressure from House Republicans. Led by House Republican Leader Jim Durkin, the GOP caucus pointed out that the overall FY16 budget impasse was holding federally-funded programs “hostage.” Even though the underlying money to pay for these federally-funded programs had been paid by Illinois residents as part of their federal tax payments, Washington was not transferring funds for these programs to Springfield until the State’s government countersigned the transfer by assigning the money to legal appropriations line items. SB 2042, as urged and supported by House Republicans, created these line items and will enable this money to be transferred.

Before passing through the House, SB 2042 was carefully stripped of State taxpayer-funded items that will increase the State’s budget deficit. House Republicans continued to draw attention to the piecemeal FY16 Illinois budget taking shape, but noted that federal dollars should not be subject to the ongoing budget battle in Springfield. The House vote on SB 2042 was 98-0-0.

Ill. Senate Approves MAP Funding

Sunday, August 23rd, 2015

Every year, thousands of Illinois students take advantage of the Monetary Award Program (MAP) to help pay for the opportunity for higher education. The average student that is awarded a MAP grant receives about $2,700 to help pay for tuition. As college costs continue to skyrocket in Illinois, these grants are vital to many students’ college careers.

This year, however, due to the ongoing budget stalemate, the state has yet to invest funding in MAP grants.

“Each year, over 125,000 students in Illinois take advantage of MAP grants to help finance their college education, and with tuition costs on the rise, these grants are vital to many students’ futures,” said Kotowski. “If we fail to make this investment, we fail 125,000 leaders of tomorrow.”

The proposal, contained in Senate Bill 2043, calls for $374 million in MAP grant funding, the same amount proposed by Governor Rauner earlier this year.

“The program works: students who receive MAP grants graduate at the same rate as those that have the benefit of more financial resources, giving grant recipients an opportunity to achieve the American dream,” said Kotowski.

Foster Offers Seminar for Hiring People with Disabilities

Sunday, August 23rd, 2015

Congressman Bill Foster and US Deputy Secretary of Labor Chris Lu will host a workshop for employers considering hiring people with disabilities on Wednesday, Aug. 26, at 10:00 a.m.  The event will take place at Fox Metro, 682 State Rt. 31, Oswego, in the Administration building.

Representatives from the Great Lakes ADA Center, IDES, AbilityLinks and Chicagoland Business Network will provide information on:
• Recruiting and Hiring practices
• Business Tax credits & Deductions for Employment of People with Disabilities
• Hiring qualified candidates with disabilities

Employers will be provided with the tools and knowledge to better understand the processes and practices, benefits and resources available when hiring people with disabilities.

This will be a great discussion which you cannot miss, you can go to www.foster.house.gov/disability to register.

Data Security Bill Vetoed

Sunday, August 23rd, 2015

Gov. Bruce Rauner issued an amendatory veto to SB 1833, which as passed by lawmakers would have placed far-reaching requirements on businesses and provided minimal benefit to consumers.

In returning the bill to lawmakers, Rauner said, “These unnecessary requirements will hurt our economic competitiveness without providing commensurate benefit to Illinois consumers and residents whom the bill is intending to protect.”

“In particular, the bill would add ‘consumer marketing information’ and ‘geolocation information’ to the types of protected personal information. This is significant departure from the data protection laws of other states.”

Advocating for Our Members: Your Weekly Newsletter

Wednesday, August 19th, 2015
Here is this week’s newsletter to members of the Aurora Regional Chamber of Commerce. If you have Member News to include,
please send it to us by Wednesday the week prior to publication. For more information, contact the Chamber at (630) 256-3180.
Header
August 19, 2015
In This Issue

 

Quick Links

Follow Us!
Facebook Twitter Blog

Elite Members

For more information contact the chamber.

95.9 The River
Above Board Indoor Environmental
Accurate Personnel
Alarm Detection Systems, Inc.
Aurora University
Bad Monkey Circus Agency: Websites-Video
Baird & Warner – Holli Thurston
Basils Greek Dining
BKD, LLP
BMO Harris – Bilter Rd.
BMO Harris – Eola Rd.
BMO Harris – Lake St.
BMO Harris – N. Farnsworth Ave.
BMO Harris – W. Indian Trail
CARSTAR North Aurora Collision Center
Caterpillar, Inc.
Chicago Premium Outlets
Chicago Tribune Media Group
ComEd
Continental Acura of Naperville
Continental Audi of Naperville
Continental Mazda of Naperville
Copy King Office Solutions, Inc.
DiGiovine Hnilo Jordan + Johnson Ltd.
Ice Miller LLP
Idilus, LLC
ieple, LLC.
K-Rise Systems, Inc.
Kluber Architects & Engineers
Konen Insurance Agency
Leave Me Bee Pest Control, Inc.
Magnetrol International, Incorporated
Martin Whalen Office Solutions
Mind and Body Chiropractic
Mitutoyo America Corporation
Mooney & Thomas P.C.
Northwestern Medicine
Cadence Fitness & Health Center
Cadence Health Convenient Care & Medical Offices
Central DuPage Hospital
Delnor Glen Senior Living
Delnor Hospital
LivingWell Cancer Resource Center
Old Second National Bank
Painters District Council 30
Paramount Arts Centre
Pipe Fitters Local 597
Plum Landing Retirement Community
Presence Mercy Medical Center
R.C. Wegman Construction Company
Rasmussen College
Resurrection Lutheran Church/School
Rich Harvest Farms
Rush-Copley Medical Center
Ryland Homes – Ingham Park
S&S Metal Recyclers II
Safeguard Construction Company, Inc.
Sign*A*Rama – Aurora
Sleepy’s – Farnsworth
Sleepy’s – North Aurora
Sleepy’s – Rt. 59
SmithAmundsen, LLC
St. Charles Bank & Trust
State Farm Insurance Companies
The UPS Store – Kirk & Butterfield
The Voice
Trust Lending
Two Brothers Roundhouse
Valley Fastener Group, LLC
Waubonsee Community College
Weldstar Company
WIT-Enterprises, LLC
WSPY
Zippy Shell Fox Valley

Welcome New Members

Tri County Lock
Enzo Guagliardo, Owner
206 Lilac Lane, Aurora
(630) 669-7110
Locksmiths

 

Contact Us

Mail: 43 W. Galena Blvd.
Aurora, Illinois 60506
Phone: (630) 256-3180
Fax: (630) 256-3189
www.aurorachamber.com

 

 

Presence Mercy Invites You…
Nice to Meet You! Let Us Introduce Ourselves.
Wednesday, Aug. 19, from 5:00 to 7:00 p.m.
Presence Mercy Medical Center, 1325 Highland Ave., Aurora

Meet their executive leadership. Meet physicians and staff. Network with Chamber members and community leaders. Enjoy burgers, brats, and beverages. RSVP at www.tinyurl.com/Presence0819 by Aug. 12.

Are You Aware of the DOL Proposed Changes?
Proposed DOL Changes Impact Small and Large Businesses Alike; Now What Do You Do?

The U.S. Department of Labor (“DOL”) recently announced a proposed rule to increase the minimum salary requirements under the Fair Labor Standards Act for exempt employees. Do you have employees that make under $50,000? Do they ever answer emails at night? If you answered yes, and the rule goes into effect, you may have to pay overtime for that email. Whether you have 10 or 10,000 employees the proposed changes will substantially impact the way you do business.

For the full article, visit our blog.

This Week’s Member News
Interested in learning what our members have been up to? Check out our blog for this week’s news from member businesses.
Premier Members
Premier Members
Events for Members
Business After Hours: Presence Mercy Medical Center
Nice to Meet You…Allow Us to Introduce Ourselves
Wednesday, August 19, at 5:00 p.m.
1325 North Highland Ave., Aurora
Register

Business Leads Group 1
Tuesday, August 25, at 7:45 a.m.
Chamber Offices

Business Leads Group 2
Wednesday, August 26 at 8:00 a.m.
Chamber Offices

Fox Valley Networking Professionals
Thursday, August 27, at 8:00 a.m.
Pomegranate Restaurant
55 S. Commons Dr., Aurora
Sponsored by CarStar North Aurora Collision Center
Register

Public Policy Update
As we approach the middle of August, the State remains without a budget. While the General Assembly is in continuous session – meeting regularly and negotiating – there is some news to report:

Illinois FY16 Budget Update

Aurora Regional Chamber of Commerce | 43 W. Galena Blvd. Aurora, Illinois 60506
Phone: (630) 256-3180 Fax: (630) 256-3189 | www.aurorachamber.com
This email was sent by Email Patron on behalf of Aurora Regional Chamber of Commerce.

Are You Aware of the DOL Proposed Changes?

Monday, August 17th, 2015

Proposed DOL Changes Impact Small and Large Businesses Alike; Now What Do You Do?

The U.S. Department of Labor (“DOL”) recently announced a proposed rule to increase the minimum salary requirements under the Fair Labor Standards Act for exempt employees. Do you have employees that make under $50,000? Do they ever answer emails at night? If you answered yes, and the rule goes into effect, you may have to pay overtime for that email. Whether you have 10 or 10,000 employees the proposed changes will substantially impact the way you do business. The proposed rule sets forth guidance and requests comment on the following proposed changes:

  • Set the minimum salary level to qualify for the white collar exemptions at 40% of the national weekly earnings for full-time salaried employees ($921 per week or $47,892 annually but expected to increase to $970 a week and $50,440 annually in 2016);
  • Increase the minimum salary for Highly Compensated Employees to 90% of the national weekly earnings of full-time salaried workers ($122,148 annually);
  • Establish a mechanism for automatically updating the minimum salary to meet the exemption on a yearly basis. While the proposed rule sets forth different types of mechanisms for calculating the automatic update (using a fixed percentile of wage earnings or using the CPI-U (an economic indicator for measuring inflation)) they do not identify which mechanism will be utilized.

The proposed rule is subject to a required comment period and will not go into effect until that period has ended. However, employers must be cognizant of the proposed salary increases and begin contemplating how this is going to affect your current workforce.

In light of the proposed regulations, employers should analyze the following:

  • How many of your current employees will be affected by this new rule?
  • Is a salary increase for those who do not currently meet the salary requirement a plausible financial decision to the required increases?
  • Are there job positions that should now be reclassified as non-exempt?
  • Analyzing current email and electronic communication practices to ascertain how often employee work at night and on the weekends.
  • Reviewing handbooks and policies regarding exempt and non-exempt status.
  • Reviewing benefits applicable to exempt and non-exempt employees and how a change in status may impact the benefits to your employees.

 

Employers have options regarding these Proposed DOL Changes; however, in order to determine which options are the most financially and operationally feasible, it is important to begin the review process now during the budgeting period and before end of the year reviews. The legwork now will save your pocketbook some heartache later.

Julie Proscia is an equity partner at SmithAmundsen who assists business owners and management with their Labor and Employment needs. For more information or assistance, please contact Julie.

Illinois FY16 Budget Update

Sunday, August 16th, 2015

As the FY16 budget showdown continues, House Republicans took the lead in keeping a federal only pass through bill on track, ensuring approximately $5 billion in federal dollars will flow to state agencies and service providers.  SB 2042, as amended in the House on Wednesday, August 12, will appropriate federal funds given to Illinois for specific state programs mandated or strongly encouraged by Washington, D.C.  The Governor has signaled his support for a “federal funds” budget bill.

Despite overwhelming passage in the Senate, the original SB 2042 almost failed in the House due to a late amendment added by House Democrats that attempted to hold these federally-funded programs “hostage” to the overall budget impasse.  In the end, the majority party yielded and allowed the original federal funds appropriation bill to be voted on by the full House with a handful of Republican suggested additions related to homeland security.

House Republicans continued to draw attention to the piecemeal FY16 Illinois budget taking shape, but noted that federal dollars should not be subject to the ongoing budget battle in Springfield.

Governor Rauner and his office begin to cut the FY16 budget on their own.  In the absence of an FY16 budget, Illinois faces an immediate FY16 spending situation right now and a worsening crisis.  The Governor and his office have begun to take unilateral action, utilizing the emergency rulemaking authority possessed by State agencies, to cut spending.  Rules to reduce taxpayer spending on medical hospital reimbursements, Medicaid-paid medical transportation (ambulance services), State-subsidized child care services, and the operations of the Illinois Labor Relations Board have been promulgated in the first weeks of the GY16 budget impasse.

The Joint Committee on Administrative Rules (JCAR), an arm of the Illinois General Assembly, considered these budget-cutting rules at their meeting on Tuesday, August 11.  JCAR did not take steps to block these rules, which will remain in effect.

Illinois continues to operate without a budget for FY16.  While many sections of State government are approaching crisis conditions, many others are operating normally due to various court cases, consent decrees and continuing appropriations.  This ability by much of the State to “carry on as usual,” even in the absence of a budget, is seen by many observers as a factor that is delaying pressure from building towards a resolution of the crisis.

Get the Week in Review emailed directly to your inbox!  Sign up today to get a first-hand look at the continuing legislative and fiscal challenges facing policymakers in Springfield.

This Week’s Newsletter for #AuroraILChamber Members

Monday, August 10th, 2015
Here is this week’s newsletter to members of the Aurora Regional Chamber of Commerce. If you have Member News to include,
please send it to us by Wednesday the week prior to publication. For more information, contact the Chamber at (630) 256-3180.
Header
August 10, 2015
In This Issue

 

Quick Links

Follow Us!
Facebook Twitter Blog

Elite Members

For more information contact the chamber.

95.9 The River
Above Board Indoor Environmental
Accurate Personnel
Alarm Detection Systems, Inc.
Aurora University
Bad Monkey Circus Agency: Websites-Video
Baird & Warner – Holli Thurston
Basils Greek Dining
BKD, LLP
BMO Harris – Bilter Rd.
BMO Harris – Eola Rd.
BMO Harris – Lake St.
BMO Harris – N. Farnsworth Ave.
BMO Harris – W. Indian Trail
CARSTAR North Aurora Collision Center
Caterpillar, Inc.
Chicago Premium Outlets
Chicago Tribune Media Group
ComEd
Continental Acura of Naperville
Continental Audi of Naperville
Continental Mazda of Naperville
Copy King Office Solutions, Inc.
DiGiovine Hnilo Jordan + Johnson Ltd.
Ice Miller LLP
Idilus, LLC
ieple, LLC.
K-Rise Systems, Inc.
Kluber Architects & Engineers
Konen Insurance Agency
Leave Me Bee Pest Control, Inc.
Magnetrol International, Incorporated
Martin Whalen Office Solutions
Mind and Body Chiropractic
Mitutoyo America Corporation
Mooney & Thomas P.C.
Northwestern Medicine
Cadence Fitness & Health Center
Cadence Health Convenient Care & Medical Offices
Central DuPage Hospital
Delnor Glen Senior Living
Delnor Hospital
LivingWell Cancer Resource Center
Old Second National Bank
Painters District Council 30
Paramount Arts Centre
Pipe Fitters Local 597
Plum Landing Retirement Community
Presence Mercy Medical Center
R.C. Wegman Construction Company
Rasmussen College
Resurrection Lutheran Church/School
Rich Harvest Farms
Rush-Copley Medical Center
Ryland Homes – Ingham Park
S&S Metal Recyclers II
Safeguard Construction Company, Inc.
Sign*A*Rama – Aurora
Sleepy’s – Farnsworth
Sleepy’s – North Aurora
Sleepy’s – Rt. 59
SmithAmundsen, LLC
St. Charles Bank & Trust
State Farm Insurance Companies
The UPS Store – Kirk & Butterfield
The Voice
Trust Lending
Two Brothers Roundhouse
Valley Fastener Group, LLC
Waubonsee Community College
Weldstar Company
WIT-Enterprises, LLC
WSPY
Zippy Shell Fox Valley

Welcome New Members

D-Wing Construction
Dave Mirna
1585 Beverly Ct. #130
Aurora, IL 60502
(630) 688-5160
Exterior Remodeling

 

Contact Us

Mail: 43 W. Galena Blvd.
Aurora, Illinois 60506
Phone: (630) 256-3180
Fax: (630) 256-3189
www.aurorachamber.com

 

 

Presence Mercy Invites You…
Nice to Meet You! Let Us Introduce Ourselves.
Wednesday, Aug. 19, from 5:00 to 7:00 p.m.
Presence Mercy Medical Center, 1325 Highland Ave., Aurora

Meet their executive leadership. Meet physicians and staff. Network with Chamber members and community leaders. Enjoy burgers, brats, and beverages. RSVP at www.tinyurl.com/Presence0819 by Aug. 12.

This Week’s Member News
Interested in learning what our members have been up to? Check out our blog for this week’s news from member businesses.
Premier Members
Premier Members
Events for Members
Business Leads Group 1
Tuesday, August 11, at 7:45 a.m.
Chamber Offices

Multi-Chamber Women in Business Lunch
Tuesday, August 11, at 11:30 a.m.
Orchard Valley Country Club
2411 W. Illinois Ave., Aurora
Register

Business Leads Group 2
Wednesday, August 12 at 8:00 a.m.
Chamber Offices

Ribbon Cutting: HealthMarkets
Thursday, August 13, at 11:00 a.m.
40 W. Downer Place, Aurora

Ambassador Meeting
Thursday, August 13, at 12:00 p.m.
Chamber Offices

Business After Hours: Presence Mercy Medical Center
Nice to Meet You…Allow Us to Introduce Ourselves
Wednesday, August 19, at 5:00 p.m.
1325 North Highland Ave., Aurora
Register

Business Leads Group 1
Tuesday, August 25, at 7:45 a.m.
Chamber Offices

Business Leads Group 2
Wednesday, August 26 at 8:00 a.m.
Chamber Offices

Fox Valley Networking Professionals
Thursday, August 27, at 8:00 a.m.
Pomegranate Restaurant
55 S. Commons Dr., Aurora
Sponsored by CarStar North Aurora Collision Center
Register

Annual Back to School Fair Set for
Saturday, Aug. 15
Communities In Schools helps Aurora children return to school with necessary supplies.

The Communities In Schools and Project Unity’s Back To School Fair brings the best of Aurora’s resources together in a collaborative effort between the City of Aurora, First Presbyterian Church, Aurora area schools, public health agencies, non-profit organizations, churches, corporations, and hundreds of volunteers.

Volunteers are still needed on Wednesday, Aug. 12 at 10:00 a.m. and on Saturday, Aug. 15, from 11:00 a.m. to 2:00 p.m. (this is the afternoon fair shift) and from 2:00 to 5:00 p.m. (this is the clean-up shift; it requires some heavy lifting). All volunteer activities will be at the Harkness Center located at 60 S. Fourth Street in Aurora, 60505. Anyone interested in volunteering may contact Joanna at jvanlear@cisaurora.org or 630-256-4505.

For more details, visit out blog.

Public Policy Update
As we approach the middle of August, the State remains without a budget. While the General Assembly is in continuous session – meeting regularly and negotiating – there is some news to report:

Federal funds budget could move, may meet some emergency needs

State facility closings

Nonpartisan General Assembly think tank continues to track budget shortfall

United Way issues survey results, warning

Aurora Regional Chamber of Commerce | 43 W. Galena Blvd. Aurora, Illinois 60506
Phone: (630) 256-3180 Fax: (630) 256-3189 | www.aurorachamber.com
This email was sent by Email Patron on behalf of Aurora Regional Chamber of Commerce.

Nonpartisan General Assembly think tank continues to track budget shortfall

Sunday, August 9th, 2015

The Commission on Government Forecasting and Accountability (CGFA), the nonpartisan agency within the Illinois State Legislature that tracks the budget status of the State, issued its monthly report for July 2015 on Monday, August 3. General funds tax receipts continued to fall short of spending in the first month of the FY16 fiscal year, largely due to the partial rollback of State income tax rates in January 2015. In July, income tax receipts fell by $204 million.  Of this shortfall, $189 million of the shortfall was in personal income tax receipts and $15 million was in corporate income tax receipts.

Although this July 2015 revenue shortfall was widely predicted and is now a matter of public record, the majority party in the Illinois General Assembly has not yet published an FY16  revenue estimate matching the CGFA numbers, even though the Constitution and  laws of Illinois require it. Of course, if the majority party adopted a balanced revenue estimate this would lead to increased pressure upon themselves to enact a constitutional balanced budget for the same fiscal year; and they have not done this, either.