The Illinois General Assembly passed a budget for fiscal year 2019 on May 31, 2018 and Governor Rauner signed it into law on June 4, 2018. The Institute for Illinois' Fiscal Sustainability has since then continued to analyze the enacted…
2019 Civic Federation Legislative Priorities The Civic Federation's legislative priorities for 2019 …
When the State of Illinois enacted its budget for the current fiscal year in June 2018, it had a narrow surplus on paper of about $14 million. But a…
Illinois’ contributions to its severely underfunded retirement systems are expected to increase significantly in the upcoming budget year, but the numbers could change due to pension buyout plans that have yet to be implemented. Proposed…
The Civic Federation is a member of Transform Illinois, a coalition of organizations committed to greater government efficiency. Transform Illinois held its fourth annual…
The Illinois Estate tax is levied on net assets over $4 million of the estates of the deceased. Illinois does not have an inheritance tax, which is levied on assets received by the inheritors of an estate. Estate tax revenue is forecast…
UPDATE: The State Universities Retirement System (SURS) does not expect to be ready to fully implement pension buyout plans for its members during FY2019, according to documents provided to the Civic Federation. SURS attributed the delay…
Illinois’ backlog of unpaid bills stood at nearly $7.4 billion as of September 13,…
With governments in Illinois facing steep increases in yearly pension contributions, new plans are being floated to borrow billions of dollars to stabilize ailing pension funds and relieve budgetary pressures. The…
