Government Budgets

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Our View: A real plan to rescue Illinois, Inc.

This editorial highlights the recommendations in the Civic Federation’s State of Illinois FY2015 Budget Roadmap and calls the Federation’s plan a thoughtful, comprehensive…

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Editorial: Federation financial plan sound, but will state listen?

This editorial examines the Civic Federation’s State of Illinois FY2015 Budget Roadmap and calls the Federation’s plan a “reasonable and balanced approach” to addressing…

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Taxing retirement benefits controversial, but viewed by some as matter of fairness

This article focuses on the Civic Federation’s recommendation for Illinois to include federally taxable amounts of retirement income in its income tax base. Of the 41 states that impose an income tax, Illinois is one of only three that…

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Civic Federation Participates in Two National Public Pension Reports

Last month, an independent Blue Ribbon Panel convened by the Society of Actuaries released its…

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Moody's Downgrade Reflects Chicago's Pension Crisis and Looming Budgetary Challenges

Four weeks ago, the Civic Federation blogged about the Chicago City Council granting the City authority to issue general…

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Long-Term Financial Plan Recommended for State of Illinois

In its recently released FY2015 budget roadmap report, the Institute for Illinois’ Fiscal Sustainability at the Civic Federation recommended that the…

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Civic Federation: Keep most of Illinois' 'temporary' income tax hike

This article looks at findings of the Civic Federation’s State of Illinois FY2015 Budget Roadmap released by the Institute for Illinois’ Fiscal Sustainability on March 3. The…

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Civic Federation Proposes Five-Year Plan to Balance State Budget, Eliminate Bill Backlog & Reduce Income Tax Rates

In a report released today, the Civic Federation’s Institute for Illinois’ Fiscal Sustainability proposes a comprehensive plan for achieving long-term fiscal sustainability for the State of Illinois. The five-year plan would fully pay down…

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State of Illinois FY2015 Budget Roadmap

Prior to the release of the Governor’s annual budget recommendation, the Institute for Illinois’ Fiscal Sustainability at the Civic Federation releases an analysis of the State of Illinois’ fiscal condition. The report reviews Governor…

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Legislative Revenue Estimate Shows Size of Illinois' Fiscal Cliff

The Illinois House of Representatives has approved a revenue projection for the coming fiscal year that includes a $2.2 billion loss in operating resources for FY2015, after a holding series of committee meetings to deliberate varying…