This article discusses the state of Illinois ending calendar year 2015—six months into FY2016—without a budget. With the current budget impasse, spending plans have driven up borrowing costs, the state’s credit rating has sunk and…
The following were among the most highly read posts provided by the Institute for Illinois’ Fiscal Sustainability in 2015. Understandably, they represent the most closely followed Illinois fiscal issue of the year: the ongoing state budget…
Popular Annual Financial Reports: The Potential for Increased Transparency, Accountability and Public InclusionThe Civic Federation has long encouraged government transparency and accountability, both of which are emphasized in our…
This article discusses a December 1 meeting scheduled between Governor Rauner and four House and Senate leaders to discuss the Illinois budget and the ongoing budget impasse. The Civic Federation said there is an enormous financial cost to…
As Illinois enters the sixth month of fiscal year 2016 without a budget, the backlog of unpaid group health insurance bills has reached more than $2 billion and is likely to grow…
This article reviews a borrowing plan for the State of Illinois that would pay for State bills by issuing bonds with funds withdrawn from Illinois Finance Authority Board investments. The Civic Federation said the plan is indicative of the…
Holds Fares Flat, but Could be Complicated by State Budget Impasse In an analysis released today, the Civic Federation announced it supports the Chicago Transit Authority’s (CTA) proposed FY2016 operating budget of $1.47 billion. The…
The Civic Federation supports the Chicago Transit Authority's (CTA) FY2016 operating budget of nearly $1.47 billion. The budget represents a continued effort to actively manage costs and improve service levels. The CTA is continuing to…
This segment asks whether Illinois can run out of money while the State’s budget impasse continues. Civic Federation President Laurence Msall explained that the State is still receiving revenue, but that revenue can only be spent if there…
