08.31.18
With governments in Illinois facing steep increases in yearly pension contributions, new plans are being floated to borrow billions of dollars to stabilize ailing pension funds and relieve budgetary pressures.
The...
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02.17.16
In recent years, Illinois’ delayed payment of bills has caused financial stress for vendors, social service agencies and local governments. It has also cost the State $1.0 billion in interest penalties since fiscal year 2006, according to data from the Illinois Comptroller’s Office.
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02.04.16
Based on available market data, the State of Illinois paid approximately $40 million more for the $480 million of new bonds it sold in January than it would have before its bond ratings were downgraded at the end of last year.
As previously...
09.06.13
02.11.09
The Civic Federation's legislative priorities for 2009 include public pension reform, the dissolving of the Illinois International Port District, creating a new governing board for the Cook County...
10.29.08
The Civic Federation supports the CTA’s FY2009 budget of $1.3 billion as a responsible short-term plan to provide critical mass transit services to the Chicagoland population. The CTA’s proposed...
09.26.08
This primer on the proposed FY2009 State of Illinois budget provides a brief overview of the highlights of the spending plan.
05.12.08
The Civic Federation opposes the unaffordable program expansions and long-term borrowing proposed in the FY2009 State budget recommendation, but supports the proposed 3% cut from non-priority...