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Monday, January 27, 2025

Illinois faces budget shortfall; nuclear reactor plans discussed

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State Representative Jason Bunting (il) | Representative Jason Bunting (R) 106th District

State Representative Jason Bunting (il) | Representative Jason Bunting (R) 106th District

Concerns are mounting over Illinois' projected $3.2 billion budget shortfall for the fiscal year beginning July 1, according to the Governor’s Office of Management and Budget. Current revenues are barely keeping pace with expenditures, and upcoming challenges include mandated increases in pension spending, Medicaid spending, and costs associated with state employee compensation. Last year's budget was deemed "balanced" through late-night tax hikes in May 2024. Residents may face similar increases this spring to meet the constitutional requirement for a balanced budget.

In energy news, Constellation Energy is seeking support to build a second nuclear reactor at its site south of Bloomington, Illinois. The facility currently has one reactor but was designed for two. The new proposal involves a small modular reactor utilizing safer technology. Although President Trump's administration favors such developments, construction would not start before 2026 even with full approval.

January is Radon Action Month as designated by the American Lung Association to raise awareness about radon gas risks. Radon is a radioactive gas found beneath Illinois' bedrock, but testing technology is available for homes and buildings. The Illinois Emergency Management Agency promotes radon awareness and encourages residents to test their homes through licensed professionals.

The Illinois House will reconvene next week in Springfield for an extended session lasting eight out of nine weeks. Since January 8, members have filed numerous bills, with committees forming to review them ahead of floor discussions in March. Governor Pritzker will deliver his State of the State and Budget Address on February 19.

The state's current unpaid bill backlog stands at $1,874,416,446 as processed by the Illinois Comptroller's office. This amount excludes unfunded liabilities like pensions exceeding $100 billion.

Other notable updates include applications opening for the Illinois Conservation Foundation scholarship and the announcement of Illinois' tax season start date by state officials.

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