(CHICAGO) The Civic Federation’s Institute for Illinois’ Fiscal Sustainability released a plain-English summary of the State of Illinois’ FY2011 enacted budget today. The 26-page report is available on our website,…
This report examines the State of Illinois’ $53.5 billion operating budget for Fiscal Year 2011, which began on July 1, 2010 and ends on June 30, 2011. The report focuses on the $25.8 billion General Funds budget, the largest component of…
The State of Illinois is allowed to carry bills from one fiscal year through a specified period of time in the next fiscal year. This period of time—known as the lapse period—has been extended for FY2010 from two months to six months to…
This article discusses remarks made to the public by Illinois gubernatorial candidates Rich Whitney and Illinois Governor Pat Quinn after a Civic Federation forum.
It’s no secret that the financially troubled State of Illinois owes billions of dollars in unpaid bills. What is not as widely known is that the State also owes $730 million in corporate income tax refunds, according to the Illinois…
Despite a $2 billion drop in the State’s annual revenues in FY2010 , the General Assembly passed Governor Pat…
The State of Illinois is not the only cash-strapped state that shied away from major tax increases to improve its financial condition in FY2011. According to Stateline.…
The Civic Federation opposes Governor Pat Quinn’s $52 billion FY2011 recommended operating budget for the State of Illinois because it is unbalanced and does too little to address the State’s fiscal crisis. The Governor’s recommended…
Although some national economic indicators suggest that the global recession, which began in December 2007, is showing signs of a gradual recovery, many state budgets are more stressed…
As part of an agreement with legislative leaders to push back the Governor’s annual budget address from February 17, 2010 until March 10, 2010, the Governor’s Office of Management and Budget posted preliminary FY2011 budget information to…
