09.07.17
For nearly two months, the fate of Illinois’ budget for the current fiscal year was in doubt because of Governor Bruce Rauner’s veto of a school funding bill . With...
09.07.17
For nearly two months, the fate of Illinois’ budget for the current fiscal year was in doubt because of Governor Bruce Rauner’s veto of a school funding bill . With...
08.25.17
Seven weeks after the General Assembly enacted Illinois’ first budget in three years by overriding the Governor’s veto, the backlog of bills owed by the State still stood at $14.5 billion ....
08.04.17
After two years with no complete budget except for public school funding, Illinois now faces the prospect of beginning the 2017-18 school year with a budget for everything except schools.
On August 1 Governor Rauner issued an...
07.18.17
Higher education was one of the areas hit hardest by the State of Illinois’ two-year budget impasse. This blog post examines how higher education fares under the budget enacted earlier this month...
07.07.17
The State of Illinois ended its two-year budget impasse on July 6, 2017, enacting a $36.1 billion spending plan with about $5 billion in tax increases.
To break the logjam, the General Assembly narrowly overrode Governor Bruce Rauner’s...
06.13.17
The State of Illinois has renegotiated the ...
06.01.17
The Illinois General Assembly ended its regular session on May 31, 2017 without passing a budget, heightening concerns that the State might move into a third year without a complete financial plan.
Standard & Poor’s and Moody’s Investors Service immediately lowered Illinois’ credit...
05.19.17
June 13, 2017
UPDATE: The State of Illinois has renegotiated the termination thresholds on four of its five interest rate swaps to help avoid termination fees if the...
05.09.17
Click here to read the full report.
The Civic Federation’s Institute for...
04.28.17
As Illinois approaches the end of its second year without a complete budget, lawmakers are debating a new plan to provide partial funding for higher education and human services. This blog post examines the size of the funding gap and how far the proposal would go toward closing it.
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