CHICAGO – A new analysis by the nonpartisan Illinois Policy Institute finds that Illinois lawmakers have been “shopping without looking at the price tag” by voting for bills without knowing how much they will cost.
The 99th General Assembly was in session from January 2015 to January 2017. The Institute’s analysis found that during this time, lawmakers passed 938 bills – but only 27 had fiscal notes, which serve as price tags for legislation.
“If you want to understand why Illinois is burdened with massive state debt, soaring deficits and a giant pile of unpaid bills, just look at how irresponsibly our elected officials operate. They’re passing bills left and right without a clue as to how much they will cost – or considering whether Illinois even has enough money to pay for them,” said Kristina Rasmussen, president of the Illinois Policy Institute. “No private citizen, family or business can afford to act this way. It’s unacceptable that our elected officials are allowed to get away with this.”
Even bills seemingly unrelated to more spending can have an impact on the state’s budget. That’s why law in at least 10 other states requires fiscal notes. Among the states with fiscal note requirements are Indiana, Missouri, Oklahoma, Maryland, Nebraska and Colorado.
But here in Illinois, where there is no such requirement, the state is on pace to spend billions of dollars more this fiscal year than it will take in. The state also has a backlog of bills that now exceeds $13 billion, as well as $267 billion in unfunded government worker retirement debt.
“Lawmakers must know the price tag of a bill before they vote on it – and embrace fiscal notes as other states have,” Rasmussen said.
While the solution seems simple, it has not become a reality. Perhaps this is why: In order to pass a fiscal note requirement, lawmakers would need to impose this rule on themselves.
The Institute’s new analysis is available online here: http://illin.is/fiscalnotes
The Illinois Policy Institute is a nonpartisan research and education organization. Our vision is to make Illinois first in economic outlook and job creation, and for Illinois to become a free enterprise leader for the rest of America. As a leading independent research and education organization, the Institute generates positive and sustainable policy solutions for citizens and lawmakers that help unleash talent and entrepreneurial ability. To learn more about the Institute or review our policy work, please visit: www.illinoispolicy.org.
– From the Illinois Business Journal via Illinois Policy Institute