Governor’s Report Shows $1.5 Billion Budget Deficit in FY2018
When the Illinois General Assembly overrode Governor Rauner’s veto of the FY2018 budget package in July, it estimated that the enacted budget would have an operating surplus of about…
When the Illinois General Assembly overrode Governor Rauner’s veto of the FY2018 budget package in July, it estimated that the enacted budget would have an operating surplus of about…
For nearly two months, the fate of Illinois’ budget for the current fiscal year was in doubt because of Governor Bruce Rauner’s veto of a…
Seven weeks after the General Assembly enacted Illinois’ first budget in three years by overriding the Governor’s veto, the backlog of bills owed by the State still stood at…
After two years with no complete budget except for public school funding, Illinois now faces the prospect of beginning the 2017-18 school year with a budget for everything except schools. On August 1 Governor Rauner issued an…
In this segment, Civic Federation President Laurence Msall discusses key aspects of the State of Illinois’ FY2018 budget and the challenges the State still faces. He says the most important aspect of Illinois having a budget is that it…
Higher education was one of the areas hit hardest by the State of Illinois’ two-year budget impasse. This blog post examines how higher education fares under the…
The State of Illinois ended its two-year budget impasse on July 6, 2017, enacting a $36.1 billion spending plan with about $5 billion in tax increases. To break the logjam, the General Assembly narrowly overrode Governor Bruce Rauner’s…
In the following news pieces, Civic Federation President Laurence Msall discusses details of the State of Illinois’ FY2018 budget plan and the impact the budget will have on the State’s finances. He says that the enactment of the State’s…
This segment discusses how the State of Illinois could lose the Powerball and Mega Millions lottery games if the State does not reach a budget agreement by the end of this month. Civic Federation President Laurence Msall makes the point…
The Illinois General Assembly ended its regular session on May 31, 2017 without passing a budget, heightening concerns that the State might move into a third year without a complete financial plan. Standard & Poor’s and Moody’s…