02.10.17
The Institute for Illinois’ Fiscal Sustainability at the Civic Federation today released its annual Roadmap , with recommendations to restore fiscal balance to Illinois.
Illinois has gone more than 19...
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01.26.17
After nearly 19 months without a budget, Illinois’ backlog of unpaid bills currently stands at over $10.9 billion [1] . Without a comprehensive plan to...
01.11.17
The following letter to the editor was published the week of January 8, 2017.
January 1 marked the beginning of the 19th month in which Illinois has operated without a comprehensive, balanced budget. To be clear, recently expired “stopgap” measures should not be considered a budget,...
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...