Recent Research

• 09.26.11

  State of Illinois Enacted Budget FY2012: A Review of the Operating and Capital Budgets Enacted for the Current Fiscal Year

  This report examines the State of Illinois’ operating and capital budgets as enacted for Fiscal Year 2012, which began on July 1, 2011 and ends on June 30, 2012. Despite a major income tax increase implemented in January 2011, the total General Funds deficit is projected to grow in FY2012 and the State continues to deal with its financial problems by delaying payments to vendors and local governments.

  Read the press release here.

• 05.09.11

  State of Illinois FY2012 Recommended Operating and Capital Budgets: Analysis and Recommendations

  The Civic Federation opposes Governor Pat Quinn’s $52.7 billion FY2012 recommended operating budget for the State of Illinois because it is unbalanced by approximately $2.4 billion and is based on the premise that long-term borrowing is the right tool to dig the State out from under its massive backlog of unpaid bills and other obligations. To the contrary, the Governor’s proposed borrowing is likely to make the State’s financial condition worse over time.

• 11.18.10

  State of Illinois Enacted Budget FY2011: A Review of the Operating Budget Enacted for the Current Fiscal Year

  This report examines the State of Illinois’ $53.5 billion operating budget for Fiscal Year 2011, which began on July 1, 2010 and ends on June 30, 2011. The report focuses on the $25.8 billion General Funds budget, the largest component of the total operating budget. It is designed to provide Illinois residents with a resource to understand expenditure and revenue trends at the State of Illinois.

  Read the press release here.