Sign Up for Newsletter
. The Civic Federation
search

State of Illinois Budget

.

Some Pension Bond Proceeds Could End Up in General Funds

In addition to the tax increase and spending limits bill approved in the last hours of the 96th Illinois General Assembly,…

.

State of Illinois Raises Income Taxes But May Not Have Fixed Budget Problems

In the last hours of the 96th Illinois General Assembly, on January 11, 2011, the legislature took significant action on the State’s budget by passing a bill to increase personal income tax rates from 3% to 5% and corporate income tax…

.

Before you vote…Legislators should look at cutting state spending first

This editorial says the State of Illinois should cut spending before searching for additional sources of revenue. It cites the Civic Federation’s “Fiscal Rehabilitation Plan for the State of…

.

Quinn, Lawmakers Still Working On Tax Hike

In this news segment about plans to increase the State of Illinois income tax in order to balance its budget, Civic Federation President Laurence Msall says that any tax increase must be part of a long-term fiscal plan.

.

Illinois faces $13 billion budget deficit

This segment of the “Marketplace” program discusses the effect the State of Illinois budget gap has had on its fiscal outlook. Civic Federation President Laurence Msall says the State has not properly funded its pension system, which could…

.

IIFS Blog Provides Context and Commentary on State Fiscal Issues

Over the course of 2010 the IIFS blog explored a number of State of Illinois budget topics ranging from Medicaid/HMO funding issues to the State public pension system. Posts on the IIFS blog not only supplement IIFS publications, but also…

.

Recovery Bond Program Ends, Illinois Expects $1 Billion in Subsidies

Congress appears to have sealed the fate of the federal Build America Bond (BAB) subsidy by not including renewal of the program in the package of unemployment benefits and…

.

New report highlights Illinois’ state budget woes

This news segment discusses a recent report that describes the condition of Illinois’ finances as dire. Civic Federation President Laurence Msall assents with that assessment and adds that the State’s has few options to fix its fiscal…

.

New Revenues from State Tax Amnesty Still Questionable

Despite initial results showing that the State of Illinois’ recent tax amnesty program brought in more than $500 million in delinquent tax revenues, a report from…

.

Chicago casino in gambling plan

Civic Federation President Laurence Msall is interviewed in this news segment about proposed expansion in gaming in the State of Illinois. He warns that statewide video poker, despite being approved 18 months ago, has not yet resulted in…