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Government Budgets

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Report Shows Illinois Infrastructure Needs Exceed $300 Billion

A national report on state budget issues released this week details the ongoing operating budget problems in Illinois and highlights the State’s dire need to invest in its neglected infrastructure. According to the State Budget Crisis Task…

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Drop in State's PPRT Distributions Mean Less Revenue for City

Last week, the Civic Federation’s Institute for Illinois’ Fiscal Sustainability published a blog on the State of Illinois’ Personal Property…

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CPS Releases Amended FY2013 Budget

Last week, Chicago Public Schools (CPS) issued an amended FY2013 budget plan based on the new contract agreement between the District and the Chicago Teachers Union (CTU). The revised budget includes an additional $103 million in spending…

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Local Governments to Receive $182 Million Less in Replacement Taxes in FY2013

The fact that the State of Illinois is no longer behind on paying business income tax refunds is good news for taxpayers and the State budget. But due to an obscure provision of State law, the elimination of the refund backlog also means…

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State Capital Budget Rolls On With Little Public Scrutiny

Although discussion about the State of Illinois’ annual budget primarily focuses on the operating expenditures the State also appropriates significant funding each year for capital investments. The State approved a $22.7 billion capital…

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State of Illinois Enacted Budget FY2013: A Review of the Operating Budget for the Current Fiscal Year

This analysis of the State of Illinois’ Fiscal Year 2013 budget estimates that projected savings could reduce the State’s existing backlog of $8.9 billion in unpaid bills by roughly $1.3 billion, but warned that the reduction may be…

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Illinois FY2013 Budget Starts to Pay Down Multibillion Dollar Backlog of Unpaid Bills: State's Severely Underfunded Pension Systems Remain a Threat

An analysis released today by the Institute for Illinois’ Fiscal Sustainability at the Civic Federation estimated the State’s FY2013 budget could reduce the existing backlog of unpaid bills by roughly $1.3 billion, but warned that the…

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“Moody’s votes ‘no’”

This editorial discusses Moody’s Investor Service’s most recent downgrade CPS in the wake of a new labor contract for teachers and rising pension costs. The Civic Federation says CPS cannot afford to wait for leadership from the Illinois…

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Cigarette Tax Stamp Hoarding Lowers Revenues but Leaves Medicaid Funding Intact

A $1-per-pack cigarette tax increase enacted by the State of Illinois in June to help fund the State’s Medicaid program is bringing in far less revenue than originally expected and could fall short of projections by as much as $125.7…

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Update on Recommendations for a Financially Sustainable City of Chicago

On June 30, 2011 the Civic Federation released Recommendations for a Financially Sustainable City of Chicago. The report offered a comprehensive set of forty recommendations to…