When the Illinois Jobs Now! capital spending program was approved in 2010 the State also approved a series of dedicated revenue sources intended to fund new borrowing costs outside the State operating budget. As previously sold capital…
Recent Progress Threatened by Pension Funding Crisis, Borrowing for Operations In a report released today, the Civic Federation announced its support for the City of Chicago’s proposed FY2015 operating budget of $7.3 billion but expressed…
The Civic Federation supports the City of Chicago's proposed $7.3 billion budget because it reflects both reasonable structural changes and significant actions toward long-term stability, including the 2014 pension reform law for the City'…
As previously discussed here, the enacted FY2015 budget for the State of Illinois includes several budgetary gimmicks intended to make up for the loss of revenues…
This article discusses Mayor Rahm Emanuel’s FY2015 Budget announcement for the…
Whether the State of Illinois has spent more or less on education in the last five years has recently been the subject of intense debate…
(The full content of this article is only available to the publication’s subscribers.) This article discuses findings in the FY2015 State of Illinois Enacted Budget…
This article reviews the FY2015 State of Illinois Enacted Budget analysis by the Civic Federation’s Institute for Illinois’ Fiscal Sustainability. The analysis found the…
This analysis finds that the State of Illinois' FY2015 enacted budget represents a return to unsustainable fiscal practices including borrowing for operations and underfunding known costs. This spending plan will increase Illinois’ backlog…
Spending Plan Halts Illinois' Recent Fiscal Progress An analysis released today by the Institute for Illinois’ Fiscal Sustainability finds that the FY2015 budget represents a return to unsustainable fiscal practices including borrowing…
