An effort to clear Illinois’ Medicaid program of ineligible enrollees has led to the removal of 128,700 participants, but State savings are expected to be far lower than hoped by lawmakers, according to testimony at a legislative hearing…
Moody’s Investors Service downgraded the bond ratings for seven of the nine public universities in Illinois on August 9, 2013. The ratings include a negative outlook for all of the institutions.The action from Moody’s comes after a review…
Many cash-strapped states are looking to a proposal in the U.S. Congress to help collect sales taxes on internet purchases. The legislation could lead to a windfall in recaptured state sales tax revenues but currently would exclude…
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…
On Wednesday October 12th, Mayor Emanuel will release his first budget recommendations for the City of Chicago. With a reported FY2012 budget gap of $635.7 million to close in the Corporate Fund, the proposed budget is likely to address…
Today marks the 100th day since Toni Preckwinkle took office as President of the Cook County Board of Commissioners. During that time, the County has begun to implement a variety of reforms including many of the recommendations from the…
There are over 3200 public pension board trustees governing 657 separate public pension funds in the State of Illinois…
Governor Pat Quinn has decided that the State of Illinois will shut down its troubled Howe Developmental Center in Tinley Park and move residents to other quarters by April 2010. The decision,…
