In this news segment about the State of Illinois’ plans to raise revenue through a tax increase, Civic Federation President Laurence Msall says that raising taxes without making budget cuts does not fix the State’s fiscal problems. Mr.…
This article discusses concerns in the bond market that the State of Illinois’ recent tax increase does not do enough to correct the State’s precarious finances. The Civic Federation says the bond market is especially concerned with…
This editorial about the recent State of Illinois income tax increase, which includes an annual cap on spending, mentions a Civic Federation suggestion that the State should spend less than the cap and only up to available revenues.
In this segment of the "Chicago Tonight" news program, Civic Federation President Laurence Msall participates in a roundtable discussion about the State of Illinois' passage of a large income tax increase package.
In the last hours of the 96th Illinois General Assembly, on January 11, 2011, the legislature took significant action on the State’s budget by passing a bill to increase personal income tax rates from 3% to 5% and corporate income tax…
Civic Federation President Laurence Msall is interviewed in this news segment about proposed expansion in gaming in the State of Illinois. He warns that statewide video poker, despite being approved 18 months ago, has not yet resulted in…
This article follows a debate in the suburban community of Niles over whether to allow video gaming within city limits. The Civic Federation says that it opposes video gaming because it is an unreliable source of revenue for governments.
The operating budget enacted by the State of Illinois for FY2011 is based on General Funds revenues projected to be slightly higher than last year’s, and so far actual monthly revenues appear to be on target to meet or exceed these…
A new report by the Civic Federation’s Institute for Illinois’ Fiscal Sustainability (IIFS)…
