12.19.19
UPDATE: The Cook County Board passed ordinance 20-0658 , imposing a 3% cannabis retailers’ occupation...
Library
09.01.17
After several iterations and much disagreement, the State of Illinois now has a new statewide school funding formula. The Illinois General Assembly approved the new formula as Senate Bill 1947, House Floor Amendment 5 on August 29, with the Illinois House passing the bill Monday, August 28 and...
07.01.16
After a yearlong stalemate, the State of Illinois finally saw a crack in its ongoing budget impasse on the last day of the fiscal year. The General Assembly rushed approval of bills authorizing a full year of preschool through high school education funding, including additional assistance for...
06.19.14
Under Illinois law , the State is required to share a certain portion of state income tax receipts with municipal and county governments in Illinois through the Local Government Distributive...
10.11.13
As part of its ongoing analysis of State and local government budgets, the Civic Federation also reviews proposed capital budgets along with any planning documents provided in support of infrastructure investments.
Although many governments approve new and reappropriated capital spending...
07.23.13
The following opinion piece by Civic Federation President Laurence Msall was published by Crain's Chicago Business on July 23, 2013...
11.08.12
The financial condition of the State of Illinois’ five retirement systems worsened in FY2012, with the systems’ total unfunded liability growing to $96.8 billion as of June 30, 2012 and the combined funded ratio declining to 39.0%.
The FY2012 numbers compare with a total...
12.29.11
In 2011 the IIFS blog provided weekly context, information and perspective on key fiscal issues in the State of Illinois. Posts in 2011 focused on analysis of FY2012 Illinois budget negotiations, analysis of the ongoing Illinois pension crisis and timely research on other fiscal issues impacting...
11.11.11
The Civic Federation's legislative priorities for 2012 include public pension reform, requiring the State of Illinois to develop and implement a capital improvement plan, dissolving the Illinois...
08.31.11
Illinois’ Personal Property Replacement Tax (PPRT) is a revenue source for local governments that was created by the General Assembly in 1979 to replace a tax on the personal...