Government Budgets

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Strong Medicine Needed to Cure Illinois’ Fiscal Ills

The Institute for Illinois’ Fiscal Sustainability at the Civic Federation today released its annual Roadmap, with recommendations to restore fiscal balance…

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Civic Federation Proposes Comprehensive Multi-Year Plan To Stabilize Illinois Finances

(CHICAGO) – In a report released today, the Civic Federation’s Institute for Illinois’ Fiscal Sustainability proposes a comprehensive five-year plan that addresses the State’s ongoing financial crisis and budget impasse with painful but…

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State of Illinois FY2018 Budget Roadmap

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

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Civic Federation calls AG's move on state pay 'right on target'

This article discusses Illinois Attorney General Lisa Madigan’s motion to stop State of Illinois workers from being paid in the absence of a State budget. Civic Federation President Laurence Msall remarks that Illinois’ constitution is…

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Benefit Seen in Illinois Proposal for Borrowing to Pay its Bills

This article discusses a proposed borrowing plan that could help pay down the State of Illinois’ record pile of unpaid bills and references a recent…

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Interest payments on Illinois' unpaid bills add to vast cost of budget impasse

This article examines the growing amount of interest penalties the State of Illinois is accumulating due to the State’s inability…

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Reaction to Rauner’s State of the State Address, Illinois’ Fiscal Woes

In this segment, Civic Federation President Laurence Msall joined a Chicago Tonight panel to discuss Governor Rauner’s recent State of the State address and Illinois’ continued fiscal issues.

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Should Illinois Borrow to Pay Off the Bill Backlog?

After nearly 19 months without a budget, Illinois’ backlog of unpaid bills currently stands at over $10.9 billion …

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Letter to the Editor: State Budget Impasse

The following letter to the editor was published the week of January 8, 2017. January 1 marked the beginning of the 19th month in which Illinois has operated without a comprehensive, balanced budget. To be clear, recently expired “…

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Obamacare Repeal Could Undercut Bond Ratings, State Budgets

This article discusses the negative impact a repeal to the Affordable Care Act could have on hospital systems and local and state governments across the country. The article references the…