Civic Federation President Laurence Msall discusses the Federation’s analysis of the State of Illinois’ FY2012 budget proposal in this interview.
In this blog post, Crain’s columnist Greg Hinz discusses the Civic Federation’s analysis of Governor Quinn’s FY2012 State of Illinois budget proposal. The Civic Federation says that it cannot support a budget proposal that increases appropriations while bills to service providers remain unpaid.
In this interview, Civic Federation President Laurence Msall discusses the Federation’s analysis of State of Illinois Governor Pat Quinn’s FY2012 proposed budget for the State.
The Civic Federation’s analysis of the State of Illinois FY2012 budget proposal is the focus of this article. The Federation says that the proposal, which is unbalanced, is not sustainable and does not do enough to pay off the State’s backlog of unpaid bills.
This article discusses the Civic Federation’s analysis of the State of Illinois’ FY2012 proposed budget.
The Civic Federation opposes Governor Pat Quinn’s $52.7 billion FY2012 recommended operating budget for the State of Illinois because it is unbalanced by approximately $2.4 billion and is based on the premise that long-term borrowing is the right tool to dig the State out from under its massive backlog of unpaid bills and other obligations. To the contrary, the Governor’s proposed borrowing is likely to make the State’s financial condition worse over time. Although the Civic Federation is…
(CHICAGO) A new report by the Institute for Illinois’ Fiscal Sustainability at the Civic Federation has found that Governor Quinn’s proposed budget is unbalanced by a total of $2.4 billion when artificially inflated revenues of $970.9 million are taken into account. The 98 page analysis of the Governor’s proposed $52.7 billion FY2012 budget was released today on the Civic Federation website at www.civicfed.org. The analysis finds that the Governor’s budget overestimates revenues by $976 million…
The State of Illinois is anticipating a large increase in revenues from income tax rate increases approved in January and additional resources from borrowing to make its pension payment for the second year in a row. Even so, the Governor and General Assembly are considering borrowing billions more before the end of the fiscal year. The massive borrowing plan was introduced in the prior legislative session as Senate Bill 336 and has been reintroduced as Senate Bill 3 in the new 97th General…
Congress appears to have sealed the fate of the federal Build America Bond (BAB) subsidy by not including renewal of the program in the package of unemployment benefits and tax incentives authorized last week. Now with less than two weeks left before the program is set to expire on December 31, 2010, many governments are rushing to market with last minute bond sales to take advantage of the hefty federal subsidy. Originally enacted as part of the American Recovery and Reinvestment Act (ARRA) of…
This article follows a debate in the suburban community of Niles over whether to allow video gaming within city limits. The Civic Federation says that it opposes video gaming because it is an unreliable source of revenue for governments.
