This article examines the State of Illinois’ plan to sell $1 billion in Build America Bonds to raise funds for capital projects. The article mentions that Illinois will have a two-year deficit going into FY2011 of $12.8 billion as reported…
Although the Governor and General Assembly enacted laws to provide for ethics reform and campaign finance reform last year, much needed fiscal reform of the State’s budget has yet to make it to the top of the legislative agenda in Illinois…
On February 7 the Chicago Transit Authority (CTA) will implement layoffs and service reductions intended to reduce its FY2010…
The Civic Federation’s Institute for Illinois’ Fiscal Sustainability recently released its examination of the State of Illinois’ enacted FY2010 budget. The analysis shows that the State already faces a two-year budget deficit going into…
This news segment details how the two Democratic candidates for Illinois governor propose to balance the State budget through major changes to the tax structure. In the segment, Civic Federation President Laurence Msall says that the…
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…
(CHICAGO) The Civic Federation’s Institute for Illinois’ Fiscal Sustainability released an independent examination of the enacted FY2010 State of Illinois budget today. The first-of-its-kind report is designed to provide Illinois residents…
This front-page article on the State of Illinois’ fiscal crisis features commentary by the Civic Federation. The Federation is quoted saying that the State is on the edge of insolvency due to a chronic structural deficit and enormous…
This article discusses how local bans on video gambling across the State of Illinois might affect funding for the State's $31 billion in capital spending. The Civic Federation is quoted saying it had warned the General Assembly that…
Civic Federation President Laurence Msall was interviewed for this news segment about Illinois' severe budget troubles on National Public Radio's "All Things Considered" program. He says that Illinois' fiscal issues do not stem from the…
