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Alternative State Budget Plans for FY 2012

In mid-May, the Illinois House of Representatives and the Illinois Senate each passed a set of appropriations bills for FY 2012. These budget plans follow the Governor’s proposed budget (released in February), adoption of revenue estimates and aggregate spending limits by each legislative chamber, and deliberations by House and Senate appropriations committees. In the aggregate, General Funds appropriations in the House budget are about $1 billion lower than those in the Senate budget. This difference largely stems from different revenue estimates adopted by the two chambers. The Senate’s estimates are derived from the Commission on Government Forecasting and Accountability, a bipartisan legislative agency that has statutory responsibility for providing revenue estimates to the General Assembly. The House estimates are based on projections from the Governor’s Office of Management and Budget. Download and read report

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