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Government Affairs Reports

  

December 18, 2015

Concluding December

Neither the Illinois Senate nor the Illinois House were in session this week.

Budget Update

Gov. Bruce Rauner and three of the legislative leaders met Thurs., Dec. 17 and discussed pensions, workers’ compensation, redistricting reform, term limits, and school aid formula.
Senate Republican Leader Christine Radogno noted that as time progresses without a budget, the state will keep falling further behind in bills and vendors may stop doing business with the state, calling it “uncharted territory.” Speaker Michael Madigan did not attend the meeting.
DoD Grant on Military Economic Impact
The University of Illinois is receiving a $5.5 million grant from the U.S. Department of Defense to study the state’s defense structure, it’s impact on their communities and the state in general, and any vulnerabilities in light of potential cuts to the national’s military.
The grant is from the federal agency’s Office of Economic Adjustment and was awarded to help support Illinois communities that have been affected by defense spending cuts. The Quad Cities, Rockford, Peoria, Metro East, and Chicago have all been targeted to receive the funding.
Pension Manager Fees
The House Revenue committee has scheduled a subject matter hearing Jan. 7 in Chicago to take testimony on “Pension Manager Fees.”  At this time, the committee has not scheduled any substantive tax legislation for consideration.
IDOR Rulemaking
The Illinois Department of Revenue’s tax rules dealing with hedging were considered by the Illinois General Assembly’s Joint Committee on Administrative Rules at the committee’s meeting on December 15 in Chicago. It is anticipated that the Department will adopt the rules in the near future.
Legislative Schedule 
The House and Senate are scheduled to return to Springfield on January 13.

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