This editorial discusses Governor Rauner’s budget recommendation for fiscal year 2016, which relies on program reductions and a pension reform proposal to address a $6.2 billion budget gap. The editorial cites the Civic Federation’s…
The article covers the main points of Governor Rauner’s fiscal year 2016 budget recommendation, which includes significant program cuts and expanded pension reforms. The Civic Federation said the proposed budget is a starting point for…
The State of Illinois reduces its operating resources by more than 25% annually to provide individuals and businesses tax benefits through exemptions also known as tax expenditures. In FY2013, the most recent year that…
This article reviews the Institute for Illinois' Fiscal Sustainability at the Civic Federation’s FY2016 State Budget Roadmap, an annual report released prior to the…
This article discusses recommendations made in the FY2016 State Budget Roadmap, an annual report released by the Institute for Illinois' Fiscal Sustainability at the…
In a report released today, the Civic Federation’s Institute for Illinois’ Fiscal Sustainability proposes a comprehensive five-year plan that responds to the dire reality of Illinois’ financial condition with painful, but necessary…
Prior to the release of the Governor’s annual budget recommendation, the Institute for Illinois’ Fiscal Sustainability at the Civic Federation releases an analysis of the State of Illinois’ fiscal condition and proposes a comprehensive…
This article discusses a proposal by Governor Bruce Rauner to allow cities, towns and counties in Illinois to file for bankruptcy protection. The Civic…
A 2009 GFOA white paper identified long-term financial planning as the central tool for local governments to become financially resilient. Financial resiliency is…
The State of Illinois projected a major loss of income tax revenues in FY2015 due to the reduced rates for individuals and corporations that took effect on January 1, 2015. However, corporate income taxes have taken a steeper decline than…
