Illinois Finance 101: Paying Interest Penalties
New monthly reports by the Illinois Comptroller’s Office provide the first detailed public information about interest penalties owed on…
New monthly reports by the Illinois Comptroller’s Office provide the first detailed public information about interest penalties owed on…
*Note: This blog post was updated on April 13, 2018 with more recent information on the Chicago Public Schools’ short-term borrowing and cash flow position.Chicago Public Schools (CPS) is heading into the next annual budget cycle for the…
Click here to read the full report.Across the political spectrum in the United States, there is a growing consensus that too many people…
Seven weeks after the General Assembly enacted Illinois’ first budget in three years by overriding the Governor’s veto, the backlog of bills owed by the State still stood at…
In the wake of recently ordered bond court reforms, Cook County…
As Illinois approaches the end of its second year without a complete budget, lawmakers are debating a new plan to provide partial funding for higher education and human services. This blog post examines the size of the funding gap and how…
Click here to read the full report.Prior to the release of the Governor’s annual budget recommendation, the Institute for Illinois’ Fiscal Sustainability at the Civic…
Annually the Civic Federation releases a report on consumer taxes in the City of Chicago. Consumer taxes are charges for the consumption of goods or services and can be charged directly to consumers through retail transactions or passed…
As Illinois moves toward its 18th month without a complete budget, a new forecast shows that the State’s backlog of unpaid bills could reach $13.5 billion at the end of the current fiscal year.The backlog estimate is part of a…
On November 8, 2016, the Cook County electorate voted on the binding referendum to merge the Office of the Cook County Recorder of Deeds and the Office of the Cook County Clerk. The Cook County Board of Commissioners voted in June 2016 to…