Treasurer Office to Cut Budget by 2%

By WEEK Producer

October 7, 2011 Updated Oct 26, 2013 at 2:16 AM CDT

Illinois Treasurer Dan Rutherford is cutting his office budget by two percent and asking the general assembly to approve the reduction through legislation during the upcoming fall veto session.

Since July, Rutherford has been proactively looking to cut cost in his office by reducing the fleet of taxpayer-funded vehicles by 50%, cutting mobile phone usage paid by taxpayer funds by 72%, and closing six satellite offices .. among other things.

During a news conference in Chicago Friday, Rutherford said the savings from his proposed operating budget will amount to over $8 million annually.

"I could reserve the funds, and just not spend it. But I believe it is important to statutorily redo my budget and that's why I'm introducing an appropriation bill for a decrease. That way the money will be well known. It will be available and if the General Assembly decides it wants to use it for paying off bills or use it for debt retirement then let them decide. I'm just making it available," said Illinois Treasurer Dan Rutherford.

Rutherford says the 2 percent reduction in his general revenue operating budget will result in a funding level less than what it was ten years ago.

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