The State appears one step closer to implementing new performance measurement requirements that may significantly improve the General Assembly’s annual budget appropriations process. Illinois Senate President John Cullerton…
The State of Illinois is allowed to carry bills from one fiscal year through a specified period of time in the next fiscal year. This period of time—known as the lapse period—has been extended for FY2010 from two months to six months to…
Citing reliance on one-time revenue sources, such as borrowing, to try and close its FY2011 operating shortfall, Moody’s Investors Service…
The State of Illinois will receive less federal Medicaid funding than it budgeted for in FY2011—but more than had been feared several months ago. After months of debate, Congress in August of 2010 passed and President Obama signed a…
Only two months into the new fiscal year, the State of Illinois has already begun pushing FY2011 operating costs into the next fiscal year. By borrowing cash on hand in the State’s special funds, rather than sweeping it, the State…
The State of Illinois lags behind other states in the use of community care for the developmentally disabled, but a new plan would bring Illinois in line with national standards by 2017. The…
To help the public gain a better understanding of its 2011 preliminary budget and funding programs, the Regional Transit Authority is hosting two free “webinars” on September 16 and September 22. The…
Earlier this week the Institute for Illinois’ Fiscal Sustainability at the Civic Federation released…
This issue brief provides a comparative analysis of the cost of the $9.6 billion in bonds the State of Illinois issued between September 2009 and July 2010. The report estimates that Illinois government may pay as much as $551.3 million…
A recent report shows that nearly all the bond subsidies promised under the Build America Bond (BAB) program are being paid by the federal government to issuers applying for the credit without significant administrative delay. The BAB…
