Reflecting severe financial pressures, the State of Illinois pushed an estimated $3.6 billion of Medicaid and group health insurance bills from FY2012 into the current fiscal year. The new estimate is based on…
Although the State of Illinois is still burdened with a multibillion-dollar backlog of unpaid bills, one…
The State of Illinois’ bond rating was reduced again this week but despite being one of the lowest rated state credits it remains well above the level assigned to speculative debt. On August 29, 2012 Standard & Poor’s (S&P)…
The State’s largest retirement system postponed until September a decision on whether to reduce the system’s assumed rate of return on investment — a decision that could result in an increase in the annual State contribution required by…
On August 17, 2012, Illinois legislators adjourned a special one-day session of the General Assembly…
The State of Illinois’ enacted budget for FY2013 is missing key components needed to carry out the General Assembly’s spending plan, according to a recent filing in…
Earlier today, Illinois Governor Pat Quinn signed legislation intended to add transparency, accountability and competition to the State’s…
This issue brief examines how enterprise zones currently operate in Illinois. Enterprise zones are geographic areas designed by state and/or local governments to stimulate economic growth and create or retain jobs in economically depressed…
In the wake of the U.S. Supreme Court decision on national healthcare reform, Illinois officials plan to seek authorization from the Illinois General Assembly to…
As discussed here previously the Illinois General Assembly recently passed a sweeping overhaul of its Enterprise Zone Act. If signed by the Governor, the…
