This analysis finds that the State of Illinois' FY2015 enacted budget represents a return to unsustainable fiscal practices including borrowing for operations and underfunding known costs. This spending plan will increase Illinois’ backlog…
Spending Plan Halts Illinois' Recent Fiscal Progress An analysis released today by the Institute for Illinois’ Fiscal Sustainability finds that the FY2015 budget represents a return to unsustainable fiscal practices including borrowing…
As recently as 2011, the State of Illinois projected its backlog of unpaid income tax refunds could increase to more than $1.0 billion but by the end of…
A new law that restores certain Medicaid benefits previously cut due to budget pressures also adds a new service: kidney transplants for undocumented Illinois residents.…
In the coming months, the State of Illinois will conduct a revenue volatility study to establish a basis for an adequate rainy day fund balance to protect the State from future economic downturns and other revenue variances. This analysis…
Despite Illinois’ tight budget for the current fiscal year, the State enacted major Medicaid legislation featuring increased payments…
According to recent reports, the State of Illinois’ operating revenues, which are expected to decline this year due to the partial rollback of State income tax rates,…
Less than a month into the new fiscal year, which began on July 1, Standard and Poor’s announced that the financial outlook for the State has…
Despite criticizing the General Assembly for not passing an adequate budget for the new fiscal year, Governor Pat Quinn…
