P RESENTATION ON G OVERNOR S FY 2020 B UDGET R ECOMMENDATIONS - - PowerPoint PPT Presentation

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P RESENTATION ON G OVERNOR S FY 2020 B UDGET R ECOMMENDATIONS - - PowerPoint PPT Presentation

Oct 18, 2023 346 likes •490 views

P RESENTATION ON G OVERNOR S FY 2020 B UDGET R ECOMMENDATIONS Illinois Community College Board March 15, 2019 Matt Berry, Chief of Staff 10 Y EARS OF H IGHER E DUCATION F UNDING $2.1B $2,000.0 15% $1.9B $1.8B 15% 14% 19% $1,500.0

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SLIDE 1

PRESENTATION ON GOVERNOR’S FY 2020 BUDGET RECOMMENDATIONS

Illinois Community College Board March 15, 2019 Matt Berry, Chief of Staff

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SLIDE 2

10 YEARS OF HIGHER EDUCATION FUNDING

$- $500.0 $1,000.0 $1,500.0 $2,000.0

FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19

Universities MAP Community Colleges

$1.9B $1.8B 19% 15% 65% 20% 15% 61.5% 24.5% 14% $2.1B 66%

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SLIDE 3

COMMUNITY COLLEGE SOURCES OF REVENUE

33% 34% 18% 6% 16% 17% 33% 43% 43% 50% 44% 44% 33% 23% 39% 44% 40% 39% 1965 Vision FY 2000 FY 2010 FY 2016 FY2017 FY2018 Student Tuition Local Taxes State Funds

Source: Community College Audits

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SLIDE 4

BACKLOG OF UNPAID BILLS

As of March 13, 2019

$8,352,030,486.04

(107,558 bills)

Source: Illinois Office of the Comptroller

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SLIDE 5

FISCAL YEAR 2019 BUDGET DEFICIT

Estimated FY 2019 Revenues: $38.36 B Estimated FY 2019 Expenditures: $39.55 B Fiscal Year 2019 Budget Deficit:

  • $1.19 B

Governor Pritzker FY 2020 Budget: Without proposed revenues, the FY 2020 operating budget will be reduced by 4%.

Source: GOMB FY 2020 Budget Book

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SLIDE 6

GOVERNOR PRITZKER’S REVENUE PROPOSALS

  • Sports Wagering - $12M
  • Recreational Cannabis - $170M
  • Plastic Bag Tax - $23M
  • Cap on Retailers Discount for Sales Tax Collection - $75M
  • Phase-out of Private School Scholarships - $6M
  • Close Corporate Tax Loophole - $94M
  • Delinquent Tax Payment Incentive Program - $175M
  • E-Cigarettes & Cigarette Taxes - $65M (Medicaid Program)
  • Managed Care Organization Assessment - $390M (Medicaid Program)
  • Video Gaming = $89M (Capital Projects Fund)

Progressive Income Tax – FY 2021 and beyond Pension Reform

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SLIDE 7

ESTIMATED FISCAL YEAR 2020 GENERAL FUNDS (GRF) BY SOURCE

$21.2 $8.5 $3.8 $1.8 $3.5 Income taxes Sales Taxes Other Taxes & Fees Statutory Transfers Federal Sources

Estimated Total General Funds Revenues: $38.9 Billion

Source: GOMB FY 2020 Budget Book

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SLIDE 8

GOVERNOR PRITZKER’S BUDGET PRIORITIES

  • Restore Economic & Budgetary Stability
  • Create a World Class Education System Accessible to All
  • Strengthen Illinois’ Social Safety Network
  • Reform the Criminal Justice System and Invest in Public Safety
  • Rebuild and Expand Illinois’ Infrastructure
  • Make Illinois a World Leader/Competitive in a Global Economy
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SLIDE 9

CREATE A WORLD CLASS EDUCATION SYSTEM FOR ALL

  • Pre-K -12 Education
  • Early Childhood Block Grant +$100 million
  • Federal Preschool Development Birth Through Five Grant +$3.8 million
  • Evidence-Based Funding +$375 million
  • Career & Technical Education +$5 million
  • AP Low-Income Test Fee Waiver +$2 million
  • Higher Education
  • Public University Funding (increase 5%) +$52.2 million
  • Community College Funding (increase 5%) +$13.9 million
  • MAP +$50 million
  • AIM High Pilot Program (2nd year) +$10 million
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SLIDE 10

FY 2020 ALL FUNDS BUDGET GOVERNOR’S RECOMMENDATION

General Other State Federal

$31.4B 40.7% $35.9B 48.0%

$8.7B 11.2%

$75.9 Billion

Source: GOMB FY 2020 Budget Book

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SLIDE 11

FY 2020 STATE GENERAL FUNDS

BY PURPOSE

Education, 27.5% Healthcare, 17.0%

  • Govt. Service,

7.7%

Human Services, 16.3% Public Safety, 4.7% Economic Development, 0.1% Environment & Culture, 0.2% Pensions, 19.4% Debt Service, 7.0%

Total GRF = $38.75 Billion

Education Healthcare

  • Govt. Service

Human Services Public Safety Economic Development Environment & Culture Pensions Debt Service

Source: GOMB FY 2020 Budget Book

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SLIDE 12

FY 2020 EDUCATION BUDGET RECOMMENDATIONS

K-12 Higher Education

Spending = $10.8 B

K-12 - $8.9B Universities - $1.2B Community Colleges - $0.2B Other ISAC - $0.5B

Source: GOMB FY 2020 Budget Book

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SLIDE 13

ILLINOIS COMMUNITY COLLEGE BOARD FISCAL YEAR 2020 BUDGET

FY19 FY20 Change Line Item Appropriation Budget Book $ % Unrestricted Grants Base Operating Grant $ 66,066.9 $ 74,370.2 $ 8,303.3 12.6% Base Operating Grant (CPPRT) 105,570.0 105,570.0

  • 0.0%

Subtotal Base Operating Grants: $ 171,636.9 $ 179,940.2 $ 8,303.3 4.8% Performance Based Funding $ 359.0 $ 359.0 $ - 0.0% Small College Grant 548.4 548.4 $ - 0.0% Equalization Grant 67,813.2 71,203.9 $ 3,390.7 5.0% City Colleges of Chicago Grant 12,633.7 13,265.4 $ 631.7 5.0% Subtotal system operating grants $ 252,991.2 $ 265,316.9 $ 12,325.7 4.9% Statewide Initiative & Other Grants Career and Technical Education Grants (CTE) $ 18,069.4 $ 18,069.4 $ - 0.0% Subtotal CTE: $ 18,069.4 $ 18,069.4 $ - 0.0% Adult Education Grants $ 21,572.4 $ 22,651.0 $ 1,078.6 5.0% Adult Education Grants Performance 10,701.6 11,236.7 535.1 5.0% Subtotal Adult Ed: $ 32,274.0 $ 33,887.7 $ 1,613.7 5.0% High School Equivalency Testing (GED) $ 1,080.0 $ 1,200.0 $ 120.0 11.1% East St. Louis Higher Education Center 1,457.9 1,457.9

  • 0.0%

Lincoln's Challenge Program 60.2 60.2

  • 0.0%

Student Support Services Grants

  • 3,794.4

3,794.4

  • Transitional Math Development Grants
  • 1,000.0

1,000.0

  • Alternative Schools Network

6,794.4 3,000.0 (3,794.4)

  • 55.8%

Veterans Grants 4,264.6 4,264.4 (0.2) 0.0% Illinois Central Pre-Apprenticeship 265.0

  • (265.0)
  • 100.0%

P-20 Council 150.0 150.0

  • 0.0%

Total $ 317,406.7 $ 332,200.9 $ 14,794.2 4.7%

02/20/19