07.09.14
A court ruling on health insurance for retired State of Illinois workers could put additional pressure on the State’s stopgap budget for the year that began on July 1, 2014.
In a 6 to 1...
07.09.14
A court ruling on health insurance for retired State of Illinois workers could put additional pressure on the State’s stopgap budget for the year that began on July 1, 2014.
In a 6 to 1...
07.03.14
On June 26, 2014, Cook County Board President Toni Preckwinkle issued a preliminary budget forecast for fiscal year 2015 , which begins on December 1, 2014. The...
07.02.14
Despite criticizing the General Assembly for not passing an adequate budget for the new fiscal year, Governor Pat Quinn signed the...
06.26.14
UPDATE: In addition to the Teachers’ Retirement System (TRS), two other large State of Illinois pension funds have also lowered their assumed rates of return on investment.
Both the State Universities Retirement System (SURS) and the State Employees’ Retirement System (SERS) recently...
06.13.14
Although Governor Pat Quinn originally proposed a capital budget for FY2015 with no new debt-funded projects, the General...
06.09.14
The following opinion piece by Civic Federation President Laurence Msall was published by the Chicago Tribune on June 5, 2014.
State...
06.05.14
A week after the Illinois General Assembly ended its spring session, legislative leaders circulated new information about the FY2015 spending plan approved by lawmakers.
General Funds spending in the legislature’s budget...
05.29.14
UPDATE: Illinois General Assembly Passes FY2015 Budget
On May 30, 2014, a day before the end of the Illinois General Assembly’s regular spring session, the Senate passed the FY2015 budget previously approved by the House.
As discussed below, the budget does not cut spending or...
05.13.14
The Civic Federation opposes Governor Pat Quinn’s recommended budget for FY2015 because it uses revenue from extending the 2011 temporary income tax increase for new spending. The State...
05.09.14
As part of the FY2015 budget recommendation for the State of Illinois, Governor Pat Quinn provided two separate five-year projections for both “...