Government Budgets

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State Requests Extension for Cook County Medicaid Expansion Plan

The State of Illinois has asked the federal government to extend Cook County’s Medicaid expansion plan to ensure that recipients remain covered after the end of 2013. In a letter on…

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Startup Sees Profit in State’s Financial Woes

This article reports on Vendor Assistance Program LLC, a Chicago startup aiming to profit by advancing money to vendors that are owed payments from the State of Illinois. The Civic Federation’s…

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Governor Proposes Corporate Tax Changes to Pay Down Bills

Governor Pat Quinn has proposed eliminating several corporate tax incentives to help pay down the State’s backlog of unpaid bills that is expected to total $7.5 billion at the end of the current fiscal year. The Governor’s proposal would…

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Governor’s FY2014 Budget Preempted by House Spending Limit

On March 6, 2013, Governor Pat Quinn issued his recommended budget for the fiscal year that begins on July 1, 2013.…

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Their pensions, your taxes: Will the pols fix their fiasco?

 This editorial discusses Illinois’ financial crisis in the context of the income tax increase enacted in 2011 and scheduled to partially rollback on January 1, 2015. It cites the Civic Federation’s…

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Chicagoans' Long-Term Debt and Pension Obligations Per Capita Rose 185% Since 2002

This blog examines some of the long-term obligations of the City of Chicago and its overlapping local governments using a per capita indicator based on bonded debt and unfunded pension liabilities. Rating agencies and other financial…

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Illinois’ backlog of bills to nearly triple in five years: Civic Federation

This article covers the Civic Federation’s FY2014 State of Illinois Roadmap, which projects that Illinois’ pension costs would consume nearly one-third of State-…

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New report shows Illinois’ finances could go from bad to worse

This article covers the Civic Federation’s FY2014 State of Illinois Roadmap, released February 25. The report projects a $22 billion backlog of unpaid bills by…

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Illinois' Unpaid Bill Backlog Projected to Reach $22 Billion by FY2018

State urgently needs long-term plan to address rising pension and Medicaid costs, loss of income tax revenues (CHICAGO) – An analysis released today by the Civic Federation’s Institute for Illinois’ Fiscal Sustainability shows the State…

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State of Illinois FY2014 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 FY2014 Roadmap includes a…