State of Illinois

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State of Illinois FY2019 Recommended Operating Budget: Analysis and Recommendations

Click here to read the full report. The Civic Federation’s Institute for Illinois’ Fiscal Sustainability is not…

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Forecasting Revenue for the State of Illinois

The Civic Federation has long supported the development of a consensus revenue forecast for the State of Illinois.…

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Illinois Finance 101: Paying Interest Penalties

New monthly reports by the Illinois Comptroller’s Office provide the first detailed public information about interest penalties owed on…

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Measuring the Impact of a Graduated Income Tax in Illinois Part II – Taxing Retirement Income at Graduated Rates

In a recent post, this blog analyzed the potential impact on State of Illinois revenues from replacing the current flat income…

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Measuring the Impact of a Graduated Income Tax in Illinois

Of the 41 states with broad-based personal income taxes, Illinois is one of eight with a flat tax rate. The…

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Governor’s FY2019 Budget Depends on Benefit Cost Shift

Amid concerns about renewed political stalemate in Springfield, Illinois Governor Bruce Rauner on February 14, 2018 proposed a budget for the next fiscal year that…

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Illinois’ Spending on Late Payment Interest Penalties Climbs after Bond Sale

After two years without a complete budget but with spending exceeding revenues, Illinois’ backlog of unpaid bills rose to…

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State of Illinois FY2019 Budget Roadmap

Click here to read the full report. Prior to the release of the Governor’s annual budget recommendation, the Institute for Illinois’…

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How Will Illinois Fund Its Infrastructure Needs?

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…

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Civic Federation 2018 Legislative Priorities

2018 Civic Federation Legislative Priorities The Civic Federation's legislative priorities for 2018 include…