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…
In advance of Governor Pat Quinn's budget address on February 22, this op-ed by Civic Federation President Laurence Msall discusses Illinois' damaged fiscal reputation. The piece offers recommendations for stabilizing the State's finances…
A week before Governor Pat Quinn’s FY2013 budget address, a panel of Illinois State senators met in Chicago to hear testimony on the State’s major budget challenges: rising Medicaid costs and unfunded pension liabilities. The Senate’s two…
(CHICAGO) The Civic Federation’s Illinois research institute warns that Illinois could face an unprecedented $34.8 billion backlog of unpaid bills if action is not taken immediately by the Governor and General Assembly to stabilize the…
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 FY2013 Roadmap includes a…
This “All Things Considered” segment examines the State of Illinois’ budget one year after last year’s income tax increase. Civic Federation President Laurence Msall said that even with the tax increase the State of Illinois still has an…
Data from the most recent audited financial statements of Illinois’ state and local government pension funds shows that the total unfunded liabilities for public employee pensions supported by the taxes of Chicago residents reached $14,…
Governor Pat Quinn released a three-year budget projection for the State of Illinois this week that shows only minor improvements in the State’s…
Civic Federation President Laurence Msall was interviewed for this news segment on pension reform legislation signed by Governor Quinn on January 5, 2012. The law closes recently publicized…
