11.23.10
The operating budget enacted by the State of Illinois for FY2011 is based on General Funds revenues projected to be slightly higher than last year’s, and so far actual monthly revenues appear to be on target to meet or exceed these expectations.
This increase signals the State’s hope...
11.18.10
This report examines the State of Illinois’ $53.5 billion operating budget for Fiscal Year 2011, which began on July 1, 2010 and ends on June 30, 2011. The report focuses on the $25.8...
11.18.10
A new report by the Civic Federation’s Institute for Illinois’ Fiscal Sustainability (IIFS) shows why the State of Illinois is struggling to make its...
10.21.10
A recent poll of Illinois voters might help explain why elected officials have been reluctant to make difficult decisions to solve the State of Illinois’ fiscal crisis.
The poll , by the...
09.17.10
Only two months into the new fiscal year, the State of Illinois has already begun pushing FY2011 operating costs into the next fiscal year. By borrowing cash on hand in the State’s special funds, rather than sweeping it, the State has passed on more than $70 million in current operating...
08.06.10
Roughly a month ago, on July 1, 2010, Governor Pat Quinn announced that he planned to cut $1.1 billion from the $26.0 billion FY2011 State of Illinois budget previously approved by the General Assembly. At that time, the Governor did not say where $891 million of those spending cuts would be...
07.01.10
On July 1, 2010—the first day of the State of Illinois’ FY2011 fiscal year—Governor Pat Quinn said that his budget for the new year will contain major spending cuts. However, most of the reductions have yet to be determined and the FY2011 budget continues to be unbalanced, with...
