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State of Illinois Budget

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Illinois Department Of Transportation To Implement Project Prioritization System

Illinois enacted a $48.7 billion multi-year FY2022 capital budget in June 2021. Unlike the State’s annual General Funds budget, which is intended to cover only the cost of operations for the current fiscal year, capital appropriations are…

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The State of Illinois’ FY2022 Enacted Budget Reflects Pandemic Recovery, Federal Support

The fiscal year 2022 budget for the State of Illinois and the process that created it showed the ongoing impact of the COVID-19 pandemic, but also the beginnings of a recovery within the State economy. Unlike the FY2021 budget, the…

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State of Illinois FY2022 Recommended Operating and Capital Budgets: Analysis and Recommendations

Click here to read the full report.Click here to…

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Illinois Expects to Spend Its Entire Coronavirus Relief Allocation

UPDATE: The $900 billion relief bill passed by Congress on December 21 did not provide more financial assistance for state and…

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With Revenue Projection Up, Illinois Still Faces Daunting Budget Challenges

Illinois has lost less tax revenue than expected this year due to the COVID-19 pandemic, but the State still faces a significant budget gap, according to the latest official projection. The Governor’s annual…

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Budgeting in the Time of Coronavirus: Uncertainty and Surprises

The State of Illinois’ FY2020 fourth quarter revenue report contained a…

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The FY2021 Capital Budget Enacted by the General Assembly

The General Assembly enacted an approximately $49.2 billion capital budget on May 24, 2020.[1] Spending proposed in the capital budget includes funding from the State, grants from the federal…

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CARES Act Distribution and its Discontents

As state and local governments…

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States Beg, Borrow and Cut to Cope with Pandemic-Wracked Finances

The COVID-19 pandemic has had a devastating impact on state budgets, with tax revenue shortfalls estimated to total about $200 billion for fiscal years 2020 and 2021 compared with initial projections.…

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CARES Act Funds to Reach Smaller Illinois Counties and Municipalities

Since the federal government provided $139 billion of coronavirus relief funds to states and large cities and counties in April,…