07.18.19
A new pension buyout plan designed to save hundreds of millions of dollars for the State of Illinois in the fiscal year that just ended actually generated relatively minor savings in FY2019 and does not appear likely to...
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05.09.19
Following an unexpected influx of income tax revenues in April 2019, Illinois Governor J.B. Pritzker has dropped a controversial proposal to delay funding for the State’s financially troubled pension funds.
The pension holiday, proposed in the...
11.20.18
When the State of Illinois enacted its budget for the current fiscal year in June 2018, it had a narrow surplus on paper of about $14 million. But a...
10.05.18
UPDATE: The State Universities Retirement System (SURS) does not expect to be ready to fully implement pension buyout plans for its members during FY2019, according to documents provided to the Civic Federation. SURS attributed the delay to complex benefit provisions, limited staffing and poor...
09.13.18
Illinois’ backlog of unpaid bills stood at nearly $7.4 billion as of September 13,...
07.05.18
Since Illinois passed its budget for the current fiscal year, many questions have been raised about the...
06.08.18
After three years of political gridlock and missed deadlines, the Illinois General Assembly passed a budget for the coming fiscal year on the last day of its regular spring...
06.04.18
The Illinois General Assembly passed a budget for fiscal year 2019 on May 31, 2018 and Governor Rauner signed it into law on June 4, 2018. The Institute for Illinois' Fiscal Sustainability has...
05.24.18
05.09.18
Click here to read the full report.
The Civic Federation’s...