04.19.12
Public officials and opinion leaders in Illinois have expressed much interest in the landmark pension reforms approved in Rhode Island in 2011. Chicago Mayor Rahm Emanuel...
Library
02.23.10
The State of Illinois’ underfunding of its retirement systems is a growing source of pressure on the State’s operating budget and an increasing focus of national attention. In a recent report by the Pew Center on the States, Illinois was found...
01.13.10
This week the State of Illinois finalized one of its largest revenue sources enacted by General Assembly and approved by the Governor to fund the FY2010 budget, a $3.5 billion loan. By selling five-year pension obligation bonds, sometimes referred to as pension notes, the State freed up $3.5...
12.22.09
Since its beginnings in July with the overhaul of the Civic Federation’s website, the IIFS blog has focused mostly on issues related to the Illinois budget , including ...
12.08.09
Facing a multi-billion dollar mountain of unpaid bills and declining revenues, Governor Pat Quinn has proposed a new short-term borrowing plan for the State of Illinois that has encountered opposition from the Comptroller’s Office.
As...
08.12.09
More details are finally available on the FY2010 operating budget, and it would be difficult to describe it as balanced—even on paper.
Depending on how you look at it, there is technically either a $157 million deficit or an $872 million surplus in the budget approved by the General...
05.11.09
The Civic Federation's Institute for Illinois' Fiscal Sustainability produced this analysis of the proposed FY2010 Illinois operating and capital budgets. The Civic Federation does not support the...
03.09.09
The Civic Federation's Institute for Illinois' Fiscal Sustainability produced this guide for addressing the state's FY2010 budget. The roadmap provides an in-depth outline of best practices for a...