02.09.18
Click here to read the full report.
Prior to the release of the Governor’s annual...
02.09.18
Click here to read the full report.
Prior to the release of the Governor’s annual...
02.09.18
After two years without a complete budget but with spending exceeding revenues, Illinois’ backlog of unpaid bills rose to $16.8 billion in November 2017....
01.26.18
Illinois has grappled with a number of financial challenges over the last decade, including structural deficits, pension underfunding and a two year standoff without a budget. Now, some leaders and advocates have begun to demand renewed attention to how the State funds transportation and other...
12.27.17
The following are the five most read blog posts presented by the Institute for Illinois’ Fiscal Sustainability in 2017. These posts discuss issues ranging from Medicaid expansion to the end of Illinois’ historic two-year budget impasse and related legislation.
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12.08.17
The State of Illinois’ sale of $6 billion of bonds in October was expected to help reduce its massive backlog of bills by...
11.16.17
After stabilizing due to legislative changes, Illinois’ contributions to its severely underfunded retirement systems are expected to resume their climb in the...
11.09.17
The financial condition of Illinois’ pension funds improved slightly due to strong investment returns, but they remained critically underfunded at the end of fiscal year 2017.
The five State-funded retirement systems had total unfunded liability of $129.1 billion as of June 30, 2017,...
10.26.17
Illinois completed the sale of $6 billion in General Obligation bonds on October 25 with a negotiated sale of $4.5 billion following the...
10.13.17
When the Illinois General Assembly overrode Governor Rauner’s veto of the FY2018 budget package in July, it estimated that the enacted budget would have an operating surplus of about $360 million....
09.28.17
Illinois Public Act 100-0401 , signed into law on August 25, 2017, will increase the value of the Senior Citizens and General Homestead Exemptions in Cook County starting in Tax Year 2017...