State of Illinois

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Veto of SB1 Leaves School Funding In Doubt

After two years with no complete budget except for public school funding, Illinois now faces the prospect of beginning the 2017-18 school year with a budget for everything except schools. On August 1 Governor Rauner issued an…

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Higher Education Funding Shortfall Persists Despite New Budget

Higher education was one of the areas hit hardest by the State of Illinois’ two-year budget impasse. This blog post examines how higher education fares under the…

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Illinois Ends Two-Year Budget Standoff

The State of Illinois ended its two-year budget impasse on July 6, 2017, enacting a $36.1 billion spending plan with about $5 billion in tax increases. To break the logjam, the General Assembly narrowly overrode Governor Bruce Rauner’s…

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Illinois Negotiates Lower Swap Termination Thresholds

The State of Illinois has renegotiated the…

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No Budget Deal in Sight as General Assembly Session Ends

The Illinois General Assembly ended its regular session on May 31, 2017 without passing a budget, heightening concerns that the State might move into a third year without a complete financial plan. Standard & Poor’s and Moody’s…

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Potential Downgrades Once Again Threaten to Terminate Illinois’ Swaps

June 13, 2017 UPDATE: The State of Illinois has renegotiated the termination thresholds on four of its five…

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State of Illinois FY2018 Recommended Operating Budget: Analysis and Recommendations

Click here to read the full report. The Civic Federation’s Institute for Illinois’ Fiscal Sustainability not able to support…

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‘Lifeline’ Plan Would Partially Fund Higher Education, Human Services

As Illinois approaches the end of its second year without a complete budget, lawmakers are debating a new plan to provide partial funding for higher education and human services. This blog post examines the size of the funding gap and how…

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Transform Illinois Coalition Pushes Ahead on Government Consolidation

While Illinois lawmakers remain gridlocked over a State budget plan, another area shows promise of compromise in Springfield: government consolidation. With over 6,900 local government units, Illinois has…

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Governor Rauner Vetoes Chicago Municipal and Laborers’ Pension Reforms

On Friday March 24, 2017 Illinois Governor Bruce Rauner vetoed Senate Bill 2437,…