Www.IllinoisSenateDemocrats.com. SJR29 FY12 Projected General Revenue Fund by Source $34.28 Billion Federal Receipts 14.1% - $4.8B Other Taxes and Fees.

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Presentation transcript:

SJR29 FY12 Projected General Revenue Fund by Source $34.28 Billion Federal Receipts 14.1% - $4.8B Other Taxes and Fees 13.8% - $4.7B Income Tax 52.4% - $18B Sales Tax 19.7% - $6.7B

Governor Quinn's Proposed FY 2012 GRF Operating Expenditures and Transfers Out $35.98 Billion Statutory Transfers Out 6.4% - $2.3B Debt Service 7.1%-$2.5B Government Services 7.7% - $2.76B Public Safety and Regulation 4.5% - $1.6B Human Services 14.9% - $5.4B Medicaid/Healthcare 21.1% - $7.6B Pensions 12.2%-$4.4B Operation of State Government 12.2% P-20 Education 26.1% - $9.4B

P-20 Education Funding Lottery Contribution to P-20 Education $600 Million, 1.6% P-20 – All Other $36.3 Billion, 98.4% $36.9 Billion Total Federal, State & Local Spending

Governor Quinn's Proposed FY 2012 GRF Operating Expenditures and Transfers Out $35.98 Billion Statutory Transfers Out 6.4% - $2.3B Debt Service 7.1%-$2.5B Government Services 7.7% - $2.76B Public Safety and Regulation 4.5% - $1.6B Human Services 14.9% - $5.4B Medicaid/Healthcare 21.1% - $7.6B Pensions 12.2%-$4.4B Operation of State Government 12.2% P-20 Education 26.1% - $9.4B

GARS - $10,502,000 0% JRS - $63,628,000 1% FY12 GRF Pension Certification $4.389 Billion SURS - $980,485,000 22% SERS - $928,520,960 21% TRS - $2,406,472,000 56%

SJR29 FY12 Projected General Revenue Fund by Source $34.28 Billion Federal Receipts 14.1% - $4.8B Other Taxes and Fees 13.8% - $4.7B Income Tax 52.4% - $18B Sales Tax 19.7% - $6.7B

Governor Quinn's Proposed FY 2012 GRF Operating Expenditures and Transfers Out $35.98 Billion Human Services 14.9% - $5.4B P-20 Education 26.1% - $9.4B Statutory Transfers Out 6.4% - $2.3B Debt Service 7.1%-$2.5B Government Services 7.7% - $2.76B Public Safety and Regulation 4.5% - $1.6B Medicaid/Healthcare 21.1% - $7.6B Pensions 12.2%-$4.4B Operation of State Government 12.2%

FY12 State Teacher Pension Contributions 1 Chicago Teachers Pension Fund $43.9 Million – 1.8% Teachers' Retirement System Certification $2.4 Billion – 98.2%

Estimated FY 11 Accounts Payable $8.5 Billion $500M – Retirees / $1B Active Employees Group Health Insurance $1.5 Billion Corporate Tax Refunds $1 Billion Bills on Hand $6 Billion