Legislators should adopt revenue estimate resolution

SJ-R Editorial: It makes sense to know how much money you’ll have to spend when crafting a state budget. Some latitude is required, of course, since many sources of revenue fluctuate.

But there are solid estimates available. For the fiscal year 2019 state budget, the Commission on Government Forecasting and Accountability estimates Illinois will have about $37.86 billion in revenue; the Governor’s Office of Management and Budget predicts about $37.96 billion.

There hasn’t been much progress, at least publicly, on next year’s budget by the General Assembly. We know a budget deal typically comes together behind closed during the final days lawmakers are in Springfield. But after the two-year budget impasse and last year’s overtime sessions to get this year’s fiscal plan approved, lawmakers could aim to regain a measure of trust back from wary Illinoisans by providing a sense of where the process is headed.  Read the rest of the SJ-R editorial.