Capital

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RTA Hosts Budget Webinars

To help the public gain a better understanding of its 2011 preliminary budget and funding programs, the Regional Transit Authority is hosting two free “webinars” on September 16 and September 22. The…

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State Paid Additional $551 Million for Last Year’s Bonds

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Illinois Charged an Extra $551 Million in Borrowing Costs Over the Last 12 Months

(CHICAGO) The Civic Federation released today a comparative analysis of the cost of the $9.6 billion in bonds the State of Illinois issued between September 2009 and July 2010. The report estimated that Illinois government may pay as much…

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Cost of the Crisis: An Analysis of the Additional Bond Costs Paid by the State of Illinois Due to the State’s Ongoing Fiscal Crisis

This issue brief provides a comparative analysis of the cost of the $9.6 billion in bonds the State of Illinois issued between September 2009 and July 2010. The report estimates that Illinois government may pay as much as $551.3 million…

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Illinois' Build America Bond Subsidy Could Face Offset Risk

A recent report shows that nearly all the bond subsidies promised under the Build America Bond (BAB) program are being paid by the federal government to issuers applying for the credit without significant administrative delay. The BAB…

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What Governor Quinn’s Infusion of Capital Cash Means for the CTA

Illinois Governor Pat Quinn recently announced his plans for $500 million in mass transit infrastructure improvements across the State. $…

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Public plans take knife to benefits

This article is about how state pension systems around the country are coping with the effects of the financial crisis. The Civic Federation comments on the State of Illinois’ recent pension reforms, saying that the reforms are a good…

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Pensions costly, but they’re no Cadillacs

This editorial discusses recent efforts to overhaul the State of Illinois’ public pension systems and reduce its unfunded liabilities. It mentions a Civic Federation proposal to eliminate the income tax exemption for pension income in…

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Editorial: Answer call to action

This editorial about Illinois’ perilous fiscal condition features Civic Federation commentary about the State of Illinois’ fiscal crisis and mentions recommendations made by the Federation in its “Fiscal Rehabilitation Plan for the State…

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Editorial: State denial

This editorial about the options Illinois has to balance its budget focuses on recommendations made by the Civic Federation in its “Fiscal Rehabilitation Plan for the State of Illinois.”