01.06.12
Governor Pat Quinn released a three-year budget projection for the State of Illinois this week that shows only minor improvements in the State’s financial circumstances in the near term and...
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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...
09.26.11
This report examines the State of Illinois’ operating and capital budgets as enacted for Fiscal Year 2012, which began on July 1, 2011 and ends on June 30, 2012. Despite a major income tax...
09.15.11
Largely due to the income tax increase that took effect in January 2011, the State of Illinois’ operating deficit is expected to shrink from $3.9 billion in FY2011 to $454 million in FY2012. However, as previously...
09.01.11
The State of Illinois still owes income tax refunds to many businesses, but the backlog declined in the fiscal year ended June 30, 2011 and is expected to dip further this year.
According to the Illinois Department of Revenue, 4,569 businesses were owed $626.9 million in income tax...
07.07.11
Governor Pat Quinn signed the State of Illinois’ FY2012 budget on June 30, 2011, a day before the start of the new fiscal year. The FY2012 budget is expected to generate a mountain of unpaid Medicaid bills and a possible court battle over union pay raises.
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06.23.11
The Illinois General Assembly reconvened on June 22, 2011 for an extra day of the spring session to sort out several issues that were not addressed three weeks ago when the legislature adjourned after approving a $33.2 billion budget.
Both the House and the Senate took action to...
06.03.11
After several significant budget related initiatives failed to advance out of the General Assembly, such as proposed pension reforms and...
05.19.11
A new report estimates that the State of Illinois could save between $260 million and $300 million in FY2012 by increasing the share of health insurance premiums paid by retirees...
05.13.11
Earlier this week the Institute for Illinois’ Fiscal Sustainability at the Civic Federation released its analysis of Governor Pat Quinn’s proposed FY2012 operating...