Potential Downgrades Once Again Threaten to Terminate Illinois’ Swaps
June 13, 2017 UPDATE: The State of Illinois has renegotiated the termination thresholds on four of its five…
June 13, 2017 UPDATE: The State of Illinois has renegotiated the termination thresholds on four of its five…
May 7-13, 2017 is Public Service Recognition Week, an initiative of the Public Employees Roundtable (PER), its member organizations and the…
Click here to read the full report. The Civic Federation’s Institute for Illinois’ Fiscal Sustainability not able to support…
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…
While Illinois lawmakers remain gridlocked over a State budget plan, another area shows promise of compromise in Springfield: government consolidation. With over 6,900 local government units, Illinois has…
On March 22, two State Senate committees heard testimony on Illinois’ fiscal crisis. The not surprising message of the nearly three-hour hearing: the State’s budget problems have built up over many years, driven largely by rising pension…
In addition to many other obstacles to achieving a balanced budget, Illinois now faces another setback this week, this time in the form of under-performing revenues. A…
As Illinois endured its 20th month without a complete budget, Governor Bruce Rauner proposed a financial plan for the upcoming fiscal year with a significant operating deficit and no details on how to address the State’s multi-billion…