Illinois Gov. Bruce Rauner's $925 million estimate for state revenue this year is unlikely to come to fruition, according to a legislative commission.
Instead, the bipartisan Commission on Government Forecasting and Accountability estimates that the state's revenue will grow by just $200 million, which is a less than 1 percent increase over last year. The commission found that Rauner's $925 million estimate is "unlikely to uncertain." Rauner is banking on a $200 million sale of the Thompson Center, $500 million in Medicaid reimbursements, which is based on an outdated formula, and use of the state's $275 million rainy day fund.
The commission finds that the state's slow economy is negatively impacting sales tax revenues, while the Rauner administration argues that the governor's so-called business-friendly policies will boost the state's finances.