State of Illinois Budget

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2014 Year in Review on the Institute for Illinois’ Fiscal Sustainability Blog

The following posts were among the most highly read on the Institute for Illinois’ Fiscal Sustainability’s blog in 2014 and represent the most closely followed Illinois fiscal issues of the year: State pension reform and the State budget…

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Governor-Elect Rauner Critiques Interfund Borrowing

On a preliminary trip to Springfield after winning the November election, Governor-elect Bruce Rauner held a press conference to draw attention to some of the gimmicks…

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Preview of Illinois’ FY2016 Budget Process

The Illinois House adjourned on Wednesday, December 3,…

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Illinois Attorney General Seeks Expedited Appeal of Pension Reform Case

Shortly after a Sangamon County Circuit Court Judge ruled that the pension reform law passed in Illinois almost a year ago violated the State constitution, Attorney General Lisa Madigan…

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Positive Economic Report Overshadowed by State Tax Policy

Nearly all indicators point to positive economic growth in the State of Illinois for the fifth consecutive year in 2015 but due to a change in income tax rates, State government finances remain in crisis. In a…

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State's Operating Budget Continues to Supplement Capital Projects Fund

When the Illinois Jobs Now! capital spending program was approved in 2010 the State also approved a series of dedicated revenue sources intended to fund new borrowing costs outside the State operating budget. As previously sold capital…

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Budgetary Gimmicks Allow Spending Increases in State’s FY2015 Budget

As previously discussed here, the enacted FY2015 budget for the State of Illinois includes several budgetary gimmicks intended to make up for the loss of revenues…

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State of Illinois Education Funding: Analyzing Trends

Whether the State of Illinois has spent more or less on education in the last five years has recently been the subject of intense debate…

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Another Report Maligns Illinois' Budget

(The full content of this article is only available to the publication’s subscribers.) This article discuses findings in the FY2015 State of Illinois Enacted Budget

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Illinois budget to increase unpaid bills to $6.4 bln –report

This article reviews the FY2015 State of Illinois Enacted Budget analysis by the Civic Federation’s Institute for Illinois’ Fiscal Sustainability. The analysis found the…