Speaker Madigan discusses Illinois budget deficit

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ELMHURST (AP) — Illinois is in for a long haul when it comes to pulling itself out of its financial mess, but lawmakers made a good start by passing a budget for this fiscal year that was $2 billion below the amount requested by Gov. Pat Quinn, House Speaker Michael Madigan said Tuesday during a speech a week before the legislature returns to Springfield for its spring session.

Madigan is arguably the most powerful man in Springfield, with the ability to make or break deals. But anyone hoping to find out specifically where he stands on some of the state's most urgent issues wouldn't have learned it from his address at Elmhurst College's Annual Government Forum.

Changing future pension benefits for current state employees would make an interesting national debate and ultimately could be decided by the courts, he told a packed room. Illinois' underfunded pension liability now exceeds $85 billion and lawmakers already have changed benefits for future employees to help reduce the costs.

But Madigan didn't mention that he had introduced legislation along with House Minority Leader Tom Cross to create a three-tiered pension system for current employees, and wouldn't address reporters' questions afterward whether there are enough Republican and Democratic votes to bring the bill to the House floor.

School districts don't pay into teachers' pension systems like other employers do, leaving that obligation to the state — accounting for half of the $4 billion the state pays into five pension systems annually, he complained. He said later that it would be reasonable to ask them to pay, but would not say whether anyone was planning to introduce legislation to force them to do so.

He noted that he helped establish a spending cap for state government and pass a budget that was $2 billion below the amount requested by Quinn — and said lawmakers should be prepared to do it again, explaining "budget makers in Springfield must learn to live within their means."

But he gave no examples of where the state could trim expenses and didn't address whether the state should borrow more money to help pay a backlog of millions of dollars in unpaid bills owed to vendors.

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Vern Klenz wrote on January 30, 2012 12:36 p.m. ...
Hades must be frozen over. I actually agree with something that Mike Madigan said. ---- I bet the moving companies in Palatine can't wait for this to happen. People will be fleeing Palatine, like rats from Hamlin.

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