On November 9, 2021, the Governor’s Office of Management and Budget (GOMB) released the Illinois Economic and Fiscal Policy Report. The report includes a comparison of the FY2022 enacted budget with the current outlook for FY2022 and a…
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Illinois enacted a $48.7 billion multi-year FY2022 capital budget in June 2021. Unlike the State’s annual General Funds budget, which is intended to cover only the cost of operations for the current fiscal year, capital appropriations are…
The Lincoln Institute of Land Policy (Lincoln Institute) released last week an evaluation of common property tax relief programs…
The Administrative Office of the Illinois Courts (AOIC) and the Civic Federation originally released a report on behalf of the Illinois Supreme Court Pretrial Practices Implementation Task Force on September 13, 2021 that measured the…
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On August 24, 2021, Governor Pritzker signed legislation…
The State of Illinois received some good fiscal news this summer: two rating agencies upgraded the State’s credit ratings and a third revised its outlook to positive. The credit upgrades were the first in in two decades, reversing years of…
The fiscal year 2022 budget for the State of Illinois and the process that created it showed the ongoing impact of the COVID-19 pandemic, but also the beginnings of a recovery within the State economy. Unlike the FY2021 budget, the…
