IIFS Blog Archive: January 2010
The Civic Federation’s Institute for Illinois’ Fiscal Sustainability recently released its examination of the State of Illinois’ enacted FY2010 budget. The analysis shows that the State already faces a two-year budget deficit going into FY2011 totaling at least $12.8 billion but...
A plan by Governor Pat Quinn’s administration to enroll elderly and disabled Medicaid recipients in health maintenance organizations (HMOs) has run into opposition from advocates for the disabled and is moving ahead more slowly than expected.
This week the State of Illinois finalized one of its largest revenue sources enacted by General Assembly and approved by the Governor to fund the FY2010 budget, a $3.5 billion loan. By selling five-year pension obligation bonds, sometimes referred to as pension notes, the State freed up $3.5...