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Capitol Recap: State revenue picture improves by hundreds of millions


SPRINGFIELD – Illinois budget officials said Thursday that revenues are flowing into state coffers at a faster pace than previously estimated, meaning lawmakers will have more money to work with as they try to finalize a new budget for the fiscal year that begins July 1.
The Governor’s Office of Management and Budget officially raised its revenue estimate for the current fiscal year by more than $1.4 billion and by $842 million for the upcoming fiscal year.
Those figures are similar to the latest revised estimates from the General Assembly’s budget monitoring agency, the Commission on Government Forecasting and Accountability, which said last week that revenues for the current year would go up about $2 billion while next year’s revenues would be $792 million more than previously forecasted. ....

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Illinois lawmakers consider lowering trailer license fee


SPRINGFIELD – In 2019, the fee for licensing a small trailer in Illinois jumped from $18 to $118. Lawmakers are now looking for a solution to lower that fee without causing major drops in infrastructure funding.
The $100 fee increase was included in Gov. J.B. Pritzker’s 2019 Rebuild Illinois capital infrastructure plan, which funds road, bridge and building projects throughout the state. A House Revenue and Finance Committee on Thursday discussed what steps could be taken to lower the fee amid a bipartisan push to do so.
House Bill 36, sponsored by Rep. Katie Stuart, D-Collinsville, would lower the small trailer fee back to $18. The committee discussed but did not vote on the matter Thursday. ....

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