* 2:44 pm - It looks like the Illinois budget won’t get the big help it needed from the federal stimulus plan. From the NY Times…
Despite intense lobbying by governors, the final deal slashed $35 billion from a proposed state fiscal stabilization fund, eliminated $16 billion in aid for school construction and sharply curtailed health care subsidies for the unemployed.
The original stimulus bill included $25 billion to help states with their deficits, which was somewhat similar to the old revenue sharing program that Ronald Reagan eliminated. That program was eliminated in the Senate compromise. I doubt it was put back in, but I’ve asked Sen. Dick Durbin’s office for a list of what is included. I’m still awaiting the reply.
That “revenue sharing” program, by the way, was worth about a billion dollars to Illinois.
* 3:41 pm - The AP had a story earlier that claims some of the school construction money was put back in, between $6 and 9 billion. But that was as of much earlier in the day. Not sure what the final deal is yet, but the NY Times story above is probably a pretty good source appears to be in error [That’s what I get for trusting them]. Still waiting on Durbin’s office, but I’m not holding my breath.
*** 4:01 PM *** OK, now there are reports that the House Democrats are grumbling and that the deal is not a deal just yet. From the NYT…
There were hard feelings by some House members that an agreement on the economic stimulus had been announced before they had seen the details.
At least some of the differences, aides said, appeared to be over construction spending measures. Aides said the situation would be resolved.
Some money was apparently restored for school construction, but it’s unclear how much right now.