By Capitol News Illinois
SPRINGFIELD – Illinois budget officials said Thursday that revenues are flowing into state coffers at a faster pace than previously estimated, meaning lawmakers will have more money to work with as they try to finalize a new budget for the fiscal year that begins July 1.
The Governor’s Office of Management and Budget officially raised its revenue estimate for the current fiscal year by more than $1.4 billion and by $842 million for the upcoming fiscal year.
Those figures are similar to the latest revised estimates from the General Assembly’s budget monitoring agency, the Commission on Government Forecasting and Accountability, which said last week that revenues for the current year would go up about $2 billion while next year’s revenues would be $792 million more than previously forecasted.
Governors Wind Energy Coalition
White House says clean energy standards work. Is that true? Source: By Miranda Willson, E&E News reporter • Posted: Sunday, May 2, 2021
President Biden has called for enacting a clean energy standard, a policy tool deployed across multiple states. MariaGodfrida/Pixabay (solar panels); Gage Skidmore/Flickr (Biden); Gary Norton/NREL (turbines)
Members of the Biden administration said in recent weeks that clean electricity standards similar to what is being proposed nationally have a successful track record at the state level.
But timeline challenges with the standards and environmental pushback in some locations are raising questions whether the plans work as intended.
“Kendall County is continually looking for ways to reduce our operating costs. This will save County taxpayers over $4 million dollars. When Progressive Business Solutions presented a program that allowed us to reduce our costs without any capital investment, we decided it was a good fit for Kendall County and its residents,” said Scott Gryder, Chairman of the Kendall County Board.
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Project Funding and Development: Funds were made available in 2019 and 2020 from the Adjustable Block Program (ABP) under the Future Energy Jobs Act (FEJA), passed in December of 2016. Area residents, businesses, governmental organizations and non-profits all pay into a renewable energy fund, which is collected on each customer’s monthly ComEd bill. The available funds were highly competitive in that less than 30% of the applications submitted received approval.
Fox Metro Solar Farm Energized and Fully Operational
District will Save $160,000 Per Year and $4,000,000 over Project Term
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MONTGOMERY, Ill., April 14, 2021 /PRNewswire/ Today Fox Metro officials announced that its 2.6 MW Solar Farm is fully Energized and performing as expected. The Solar Farm is located on a vacant 9-acre parcel at the North End of the facility located on Route 31 in Montgomery, IL. The solar farm will generate over 3.9 million kilowatt (kWh) per year, and power around 16 percent of the plant s operations.
This will save ratepayers over $4 million dollars. Our management team is continually looking for ways to reduce our impact on the electric grid, while maintaining safe reliable service for area residents, said Judith Sotir, Board President at Fox Metro.
Report: Illinois job growth tied to electric cars
GRACE BARBIC
Capitol News Illinois
SPRINGFIELD – A national clean energy trade organization has released a report showing growth in electric transportation-related jobs in Illinois could position the state to lead the domestic supply chain.
Advanced Energy Economy, an industry association which promotes advanced energy technologies and services, released its “Electrifying Illinois” report which shows the state is on pace to reach 83 percent job growth in electric transportation-related work by 2024, regardless of legislative action.
The report was funded by the AEE and prepared by the research group BW Research Partnership with a focus on examining economic and job opportunities as the automotive industry transitions to electric.