Minutes:   October 22, 2001

State Board of Education V-TEL Rooms
Chicago/Springfield

Chairman Leininger called the meeting to order at 10:00 a.m. The Chairman introduced the presenters below and they discussed the fiscal condition of the State for Illinois. A question and answer period occurred during each presentation.

Economic and Fiscal Commission

• Ed Boss, Chief Economist
  
• Jim Muschinske, Unit Chief
  • Economic and Revenue Updates - Illinois Economic and Fiscal Commision
    
  • FY02 Budget Summary book
    
  • FY 2002 General Funds Revenue 5-Year Outlook
    

Department of Revenue

• Mike Klemens, Manager of Policy and Communications
  
• Dale Smith, Manager of Research Office
  • Counties Sorted by Predominance of Property
  • EAV and Extension Growth Rates:  Tax years 1971 to 1998
  • Taxes Extended by Type of Property
  • Taxes Extended by Type of District
  • Individual Income
  • Rate and Base Changes
  • Individual Income Tax - Tax Year 1999
  • Illinois Monthly Corporate Income Tax Receipts Adjusted for Com Ed in FY2000
  • Illinois Monthly Individual Income Tax Receipts
  • Monthly Sales Tax
    

Taxpayers Federation/Civic Federation

• Tim Bramlet, President, Taxpayers Federation
  
• Scott Metcalf, Manager of Research, Civic Federation
  • Report of the Governor's Commission on Property Tax Reform
  • The Import of Recent Decisions Issued by the Property Tax Appeals Board
    

Bureau of the Budget

• Mike Colsch, Deputy Director
  • FY2000 - FY2003? General Funds Revenue Growth
  • Allocation of FY 2002 Appropriation Increase
  • Fiscal Year 2002 Revenue Revisions

The Chairman thanked each individual for making a presentation to the board and for providing this critical information.

Carmen Chapman Pfeiffer addressed the Board on the proposed standards for new Education Accountability Process (proposed School Designation System).

• Designation System Proposal
• Reporting to the Public:  A System of School Designation

The meeting was adjourned at 4:00 p.m. Copies of materials distributed at the meeting are posted on the EFAB Website.