12.28.16
The following are the five most read blog posts presented by the Institute for Illinois’ Fiscal Sustainability in 2016. These posts discuss issues ranging from penalties on Illinois’ overdue bills to the ongoing state budget impasse.
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12.19.16
2017 Civic Federation Legislative Priorities The Civic Federation's legislative priorities for 2017...
10.20.16
The following letter to the editor was published the week of October 17, 2016.
On November 8, the Illinois electorate will be asked to vote on a proposed amendment to our state’s constitution. Commonly called the Lockbox Amendment, the law would put any revenues generated by...
09.09.16
Recent decisions by two of the largest State of Illinois retirement systems are expected to result in significant increases to statutorily required pension contributions in the upcoming budget year. This blog post discusses the decisions and their potential impact on the State budget.
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07.14.16
Despite a stopgap spending measure enacted on June 30, 2016, State of Illinois appropriations for higher education remain below expenditures in fiscal year 2015—the last year the State had a complete...
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...
06.17.16
In advance of a $550 million bond sale this week, the State of Illinois announced it had negotiated new terms with the largest holder of Illinois swaps. The new lower level for termination of the swaps based on Illinois’ credit ratings dropped to Ba1 with Moody’s Investors Service and BB+ with...
06.09.16
The Illinois General Assembly ended its regular spring session on May 31, 2016 without passing a budget for the upcoming fiscal year. The legislature now has less than one month to complete a budget for the year that begins on July 1, and passage has become more difficult.
After the end...
05.19.16
With the current year’s budget still incomplete, the State of Illinois is now facing the prospect of starting another year without a financial plan.
Due to a political dispute between Illinois’ Republican Governor and Democratic legislators who control the General Assembly, the State...
05.05.16
The State of Illinois can add another complication to its already stressed financial condition, an $800.7 million shortfall in its capital spending plan caused by failure in several of the dedicated revenue sources enacted to fund debt service.
The State relies heavily on the sale of...