05.09.18
Click here to read the full report.
The Civic Federation’s...
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.
State of Illinois FY2019 Recommended Operating Budget: Analysis and Recommendations
Click here to read the full report. The Civic Federation’s Institute for Illinois’ Fiscal Sustainability is not able to support Governor Bruce Rauner’s recommended FY2019 budget because it is...
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State of Illinois FY2019 Budget Roadmap
Click here to read the full report. Prior to the release of the Governor’s annual budget recommendation, the Institute for Illinois’ Fiscal Sustainability at the Civic Federation releases an...
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The Civic Federation
Because of the Illinois estate tax bracket structure, the first $4,040,000 of an estate’s net worth pays no tax, wh… https://t.co/DDbqDJKKsb
The Civic Federation
In the news at the @chicagotribune: Why lawmakers might finally pass a bill to address the state’s crumbling transp… https://t.co/S8iGdsAhZv
Blogs
10.12.18
The Illinois Estate tax is levied on net assets over $4 million of the estates of the deceased. Illinois does not have an inheritance tax, which is levied on assets received by the inheritors of an estate.
Estate tax revenue is forecast to be...
10.05.18
UPDATE: The State Universities Retirement System (SURS) does not expect to be ready to fully implement pension buyout plans for its members during FY2019, according to documents provided to the Civic Federation. SURS attributed the delay to complex benefit provisions, limited staffing and poor...
09.13.18
Illinois’ backlog of unpaid bills stood at nearly $7.4 billion as of September 13,...
08.31.18
With governments in Illinois facing steep increases in yearly pension contributions, new plans are being floated to borrow billions of dollars to stabilize ailing pension funds and relieve budgetary pressures.
The...
In the News
10.15.18
Chicago Tribune
This article reports that there is growing bipartisan support for a capital plan in Springfield. The State of Illinois has not had a comprehensive capital plan since Illinois Jobs Now! , passed in...
05.23.18
Chicago Magazine
This article discusses Civic Federation recommendations from the FY2019 State of Illinois Budget Roadmap to...
05.09.18
Multiple Outlets
The following news items cover the release of the Institute for Illinois' Fiscal Sustainability at the Civic Federation's analysis...
05.08.18
Bloomberg
This article discusses the state of Illinois’ unfunded pension liabilities on the three-year anniversary of the Illinois Supreme Court’s ruling that the State’s bipartisan attempt at pension...