Update on State’s Short Term Borrowing Plans
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The Civic Federation commends the Cook County Board for voting 12-5 to roll back half of last year’s one percentage point sales tax hike and for overriding President Todd Stroger’s veto. The Federation considers this a victory for…
For anyone who missed a last ride on the tilt-a-whirl when Kiddieland closed last month, a quick review of our state’s fiscal situation can provide a…
Tax revenues that states depend on to fund operations continue to decrease, dropping at least $119.7 billion nationwide in the most recent fiscal quarter. A study released by the…
The Civic Federation is teaming up with the Motorola Foundation to present the 18th Annual Excellence in Public Service Award next month. After reviewing nominations for some of the best and brightest public servants throughout Illinois,…
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The State of Illinois’ inadequate funding of its employee retirement systems has already contributed to downgrades in the State’s credit ratings and will continue to affect rating decisions for many years, according to a new report by…
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The State of Illinois’ fiscal crisis has had a major impact on the State’s employee health insurance plan, delaying payments on employee medical bills paid by the State for roughly seven months and causing the State to delay paying…
The State of Illinois’ personal income tax revenue for FY2010 is now expected to be $850 million lower than projected when the budget was approved in July 2009, according to David…