03.23.18
In a recent post , this blog analyzed the potential impact on State of Illinois revenues from replacing the current flat income tax rate with a graduated income tax. This post extends...
03.23.18
In a recent post , this blog analyzed the potential impact on State of Illinois revenues from replacing the current flat income tax rate with a graduated income tax. This post extends...
03.09.18
Of the 41 states with broad-based personal income taxes, Illinois is one of eight with a flat tax rate. The Illinois Constitution...
02.23.18
Amid concerns about renewed political stalemate in Springfield, Illinois Governor Bruce Rauner on February 14, 2018 proposed a budget for the next fiscal year that relies on shifting State pension and health insurance...
02.09.18
Click here to read the full report.
Prior to the release of the Governor’s annual...
02.09.18
After two years without a complete budget but with spending exceeding revenues, Illinois’ backlog of unpaid bills rose to $16.8 billion in November 2017....
01.26.18
Illinois has grappled with a number of financial challenges over the last decade, including structural deficits, pension underfunding and a two year standoff without a budget. Now, some leaders and advocates have begun to demand renewed attention to how the State funds transportation and other...
12.27.17
The following are the five most read blog posts presented by the Institute for Illinois’ Fiscal Sustainability in 2017. These posts discuss issues ranging from Medicaid expansion to the end of Illinois’ historic two-year budget impasse and related legislation.
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11.16.17
After stabilizing due to legislative changes, Illinois’ contributions to its severely underfunded retirement systems are expected to resume their climb in the...
11.09.17
2018 Civic Federation Legislative Priorities The Civic Federation's...
11.09.17
The financial condition of Illinois’ pension funds improved slightly due to strong investment returns, but they remained critically underfunded at the end of fiscal year 2017.
The five State-funded retirement systems had total unfunded liability of $129.1 billion as of June 30, 2017,...