On January 11, 2012, the State of Illinois sold $800 million of General Obligation bonds to support capital projects. The bond offering included $525 million of tax-exempt bonds, as well as $275 million…
Governor Pat Quinn released a three-year budget projection for the State of Illinois this week that shows only minor improvements in the State’s…
This article discusses the State of Illinois’ upcoming issuances of general obligation bonds to fund its ongoing public works program. Plans include bond sales of between $500 million and $750 million on January 11 and additional bond…
In the past two years, nine states have passed laws to reduce automatic annual increases in pension benefits for current retirees. The latest example is Rhode Island…
On December 16, 2011, the Governor signed half of a tax incentive package that was sent to him earlier in the week by the legislature. The package of tax incentives had failed to advance earlier in the veto session. After splitting a…
The State of Illinois’ statutorily required contributions to its five retirement systems will be $535.0 million higher than expected in FY2013, partly due to the impact of a pension reform law enacted in 2010. Required FY2013 state…
This article explains how employers in some states, including the State of Illinois, must pay higher taxes as a result of their state not paying back loans made by the Federal government to fund unemployment programs. The State of Illinois…
The State of Illinois’ 44 regional school superintendents’ offices, which were slated for elimination in Governor Pat Quinn’s FY2012 budget recommendation, have been granted a reprieve—at least for one year. In presenting his proposed…
This editorial discusses the lack of action so far on the part of State of Illinois legislators during the veto session to address issues in the State’s pension system and its backlog of overdue bills. It cites the Civic Federation’s…
