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Biodiesel in crosshairs | WTAX 93.5FM/1240AM


Photo: Shutterstock
A panel of senators Friday took time to hear about some of the governor’s money-saving proposals. One idea, says budget director Alexis Sturm, is an early end to one benefit.
“The state sales tax, there is an exemption provided for blends that are over ten percent blends for biodiesel,” Sturm said. “The proposal here is just to accelerate the timing for” the expiration of the exemption.
But Sen Chapin Rose (R-Mahomet) says biodiesel needs more promotion, not less.
Illinois is the third largest consumer of biodiesel in the United States of America,” he said. “Biodiesel puts countless men and women to work every day in this state. There are five biodiesel plants that are major employers in communities throughout this state.” ....

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Illinois Lawmakers to Decide How to Spend $7.5 billion in Federal Aid


WBGZ Radio 4/14/2021 |
By Greg Bishop - Illinois Radio Network
As Illinois state lawmakers return to session, up for grabs will be $7.5 billion in taxpayer funds the federal government is set to send the state.
It’s expected Illinois state government’s share of the $1.9 trillion American Rescue Plan will come in two installments over two fiscal years. Local governments in Illinois will share in more than $5 billion.
Last month, Gov. J.B. Pritzker’s Budget Director Alexis Sturm told lawmakers they want to focus on paying off around $3 billion in short-term borrowing last year during the pandemic.
“So we can call it all within two to three weeks and save ourselves quite a bit of interest costs,” Sturm said. ....

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Illinois Lawmakers Urge for Targeted Use of Federal Tax Dollars


WBGZ Radio 3/16/2021 |
By Greg Bishop - Illinois Radio Network
Illinois state lawmakers from both sides of the aisle are looking to flex the legislature’s appropriation power on the influx of federal dollars headed to the state’s budget.
As part of the $1.9 trillion federal spending plan signed Thursday, the state is set to get more than $13 billion from federal taxpayers. Of that, $7.5 billion will go directly to the state.
One area already targeted for $3 billion in spending in on recent short-term borrowing the state took on from the Federal Reserve.
Click here for summary
“We can basically give two-to-three week notice to the Federal Reserve that we have the funds on hand and we want to repay that debate,” Budget Director Alexis Sturm said. “So we can call it all within two-to-three weeks and save ourselves quite a bit of interest costs.” ....

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