Illinois Budget Deficit Projected to Exceed $1 Billion in FY2019
When the State of Illinois enacted its budget for the current fiscal year in June 2018, it had a narrow surplus on paper of about $14 million. But a…
When the State of Illinois enacted its budget for the current fiscal year in June 2018, it had a narrow surplus on paper of about $14 million. But a…
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…
Illinois’ backlog of unpaid bills stood at nearly $7.4 billion as of September 13,…
Since Illinois passed its budget for the current fiscal year, many questions have been raised about the…
This article examines Illinois' financial state one year after the end of the two-year budget impasse. The article points out that while the State of Illinois recently enacted its second full-year budget since the end of the impasse, the…
After three years of political gridlock and missed deadlines, the Illinois General Assembly passed a budget for the…
This article discusses Civic Federation recommendations from the FY2019 State of Illinois Budget Roadmap to expand the Illinois income tax to include…
When will Illinois have a budget for Fiscal Year 2019? The issue is of intense concern because of the State’s recent history: full budgets for FY2016 and FY2017 were never enacted, while the General Assembly…
The following news items cover the release of the Institute for Illinois' Fiscal Sustainability at the Civic Federation's analysis of the State of Illinois…
(CHICAGO) – In a report released today, the Civic Federation’s Institute for Illinois’ Fiscal Sustainability announced it cannot support Illinois Governor Bruce Rauner’s recommended budget for FY2019 because it is precariously balanced and…