This report examines the $54.3 billion FY2010 operating budget for the State of Illinois that was approved by the General Assembly and signed by Governor Pat Quinn on July 15, 2009. The report compares this enacted budget with both the FY2010 budget recommended by Governor Quinn in March of 2009 and the estimated year-end budget for FY2009. It is designed to provide Illinois residents with a resource to understand the spending and revenue trends that have led to the current fiscal crisis. The…
A plan by Governor Pat Quinn’s administration to enroll elderly and disabled Medicaid recipients in health maintenance organizations (HMOs) has run into opposition from advocates for the disabled and is moving ahead more slowly than expected. As previously discussed in this blog, Governor Quinn hopes to enroll roughly 40,000 elderly and disabled beneficiaries in Northeastern Illinois—excluding Chicago—in HMOs beginning in July of 2010. The pilot plan would be the first time that Illinois’…
This week the State of Illinois finalized one of its largest revenue sources enacted by General Assembly and approved by the Governor to fund the FY2010 budget, a $3.5 billion loan. By selling five-year pension obligation bonds, sometimes referred to as pension notes, the State freed up $3.5 billion to fund operations for FY2010 that would have otherwise been used to pay for the statutorily required payment to its five pension funds. However, as previously discussed on the IIFS blog, this…
Since its beginnings in July with the overhaul of the Civic Federation’s website, the IIFS blog has focused mostly on issues related to the Illinois budget, including Medicaid, debt, and the State pension system. These posts expand upon topics discussed in IIFS research publications and events in the news. Discussion about Illinois’ FY2010 budget and how the State was planning to bridge a two-year, $11.6 billion budget gap was the focal point for a number of blog posts. “New Borrowing Worsens…
This brief provides an updated compilation of selected consumer taxes, including rates and descriptions, in effect in the City of Chicago on December 1, 2009. It includes such taxes as the sales tax, gas tax, amusement tax, lease tax, hotel tax, liquor tax, restaurant tax, soft drink tax, wheel tax, and parking tax.
The Civic Federation's legislative priorities for 2010 include public pension reform, requiring state government to develop and implement performance measurement and a capital improvement plan, the dissolving of the Illinois International Port District, creating a new governing board for the Cook County Forest Preserve District, reinstating means-tested transit discounts for seniors, requiring large counties to produce timely annual audits, enacting tax increment financing reporting reform,…
Governor Pat Quinn’s administration plans to begin enrolling elderly and disabled Medicaid recipients in Northeastern Illinois—excluding the City of Chicago—in health maintenance organizations (HMOs) in July of 2010. The pilot program, which is expected to cover about 40,000 people, represents the first time that Illinois’ Medicaid program has made enrollment in HMOs mandatory. The Illinois Department of Healthcare and Family Services (HFS), the agency that administers the State’s Medicaid…
Facing a multi-billion dollar mountain of unpaid bills and declining revenues, Governor Pat Quinn has proposed a new short-term borrowing plan for the State of Illinois that has encountered opposition from the Comptroller’s Office. As previously reported in this blog, the Governor in late October announced his intention to borrow $900 million to help catch up on payments to state vendors and service providers. The original plan called for borrowing based on revenue shortfalls, known as “failure…
The Civic Federation commends the Cook County Board for voting 12-5 to roll back half of last year’s one percentage point sales tax hike and for overriding President Todd Stroger’s veto. The Federation considers this a victory for overburdened County taxpayers and for the County businesses that have suffered as a result of the tax. The Civic Federation has long opposed the unnecessary sales tax increase and has repeatedly called for its repeal, most recently in our analysis of…
For anyone who missed a last ride on the tilt-a-whirl when Kiddieland closed last month, a quick review of our state’s fiscal situation can provide a similar type of stomach-churning, gravity-defying—though rather less pleasurable—experience. As Illinoisans endure the second year of a historic recession, Illinois government has no budget, no plan, a half-year’s worth of unpaid bills and sky-high piles of pension debt. Budget negotiations in Springfield this year set new lows for fiscal…
