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The Institute’s mission is to improve the state’s decision-making process by providing timely fiscal policy analysis and recommendations to state officials, the media and the public through education and digital outreach.

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The Civic Federation
Given the uncertainties inherent in actuarial projections, budget officials who are relying on pension buyout savin…
The Civic Federation
It is imperative that CPS come up with a multi-year plan to end the short-term borrowing cycle and rebuild reserves…



The State of Illinois collected over $900 million more in revenues than previously forecast in the budget year that just ended, apparently resulting in a lower than expected year-end backlog of unpaid bills.

The State’s general operating revenues for fiscal year 2018 were $37.7 billion,...

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