In the last week, both houses of the Illinois General Assembly approved a General Funds revenue projection for FY2013 that is lower than the amounts included in the Governor’s recommended budget. In two parallel resolutions, House Resolution 707 and Senate Resolution 586, legislators agreed that the State’s FY2013 budget should be based on an expectation of $33.7 billion in General Funds revenues…
On February 14, 2012 the Civic Federation published two blogs about an initiative that would provide for a countywide referendum on whether to eliminate the Cook County Recorder of Deeds office and transfer its functions to the County Clerk. The proposed referendum for the November 2012 ballot would give Cook County voters the opportunity to support or reject this modernization effort that would…
(The full text of this article is available only to the publication's subscribers.) This overview of Illinois’ fiscal challenges focuses on rising costs in the State’s Medicaid program and pension systems. The article cites the Civic Federation’s projection that the State could accumulate nearly $35 billion in unpaid bills by FY2017 without dramatic policy changes.
With new attention being paid to the cost of the State of Illinois’ Medicaid program, it seems logical to ask why the total annual costs of the program are not reflected in the State’s budget. The answer lies in an obscure statutory provision, found in Section 25 of the State Finance Act, that allows Medicaid costs to be paid from future years’ appropriations. In simple terms, this provision…
This article examines the challenge facing several states that enacted temporary tax increases during the recession and now face long-term budget challenges as the increases are scheduled to sunset. The Civic Federation says that the State of Illinois still has billions in unpaid bills even with extra revenue from a temporary income tax increase that is scheduled to partially sunset in 2015.
This article examines Governor Pat Quinn’s FY2013 budget proposal and includes reaction from the Civic Federation that the Governor’s budget is a step in the right direction because proposed General Funds expenditures appear to be below projected General Funds revenues.
On February 22, 2012, Governor Pat Quinn presented his administration’s fourth annual budget for the State of Illinois. The Governor’s FY2013 budget address to the General Assembly focused on the difficult financial challenges facing the State and the critical need to reduce Medicaid costs and unfunded pension liabilities. In his speech, the Governor said that the recommended budget for FY2013…
Governor Quinn’s FY2013 Budget Address proposed unspecified Medicaid cuts of $2.7 billion and the consolidation or closure of 62 State facilities. The Civic Federation says that painful, difficult reductions are necessary to address the State’s chronic financial problems.
This article discusses Governor Quinn’s proposal to cut $2.7 billion from the State’s Medicaid program. It cites the Civic Federation’s report that General Funds costs for Medicaid will increase from nearly $8.6 billion in FY2012 to $12.1 billion in FY2017.
This article discusses Governor Quinn’s call to stabilize the State’s pensions and restructure the Medicaid program. The article cites the Civic Federation’s projection that, without action, the State’s unpaid bills could rise to $34.8 billion by the end of FY2017.
