This editorial features recommendations found in the Civic Federation’s FY2017 Budget Roadmap and discusses Illinois’ potentially bleak future if steps aren’t taken to address the State’s financial crisis. The Editorial Board calls the Federation’s recommendations “warnings” and notes that problems that are ignored do not disappear—they only grow worse.
This segment discusses Governor Rauner’s upcoming Budget Address and the budget impasse’s impact on Illinois service organizations. In addition to comments from Civic Federation President Laurence Msall, the piece also highlights recommendations from the Federation’s FY2017 State of Illinois Roadmap.
This article reports on the Civic Federation’s three-year plan to help stabilize Illinois’ budget. Laurence Msall, President of the Civic Federation, comments on the need for action and sacrifice to fix the State’s issues.
This article discusses the initiatives highlighted in the Civic Federation’s FY2017 State of Illinois Budget Roadmap necessary to stabilize Illinois’ finances. President of Civic Federation Laurence Msall remarks that the State has already spent most of its FY2016 revenue and that there is not enough time to close Illinois’ deficit this fiscal year.
This article covers the release of the Civic Federation’ s FY2017 State of Illinois Budget Roadmap, released in advance of Governor Bruce Rauner’s forthcoming budget address. Laurence Msall, President of the Civic Federation, is quoted in the article on the increasing lack of politically popular options the State has left in order to address its financial crisis.
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. This report presents the Civic Federation’s three-year plan to stabilize Illinois’ finances and addresses the State’s critical financial situation. More than seven months into the…
(CHICAGO) – In a report released today, the Civic Federation’s Institute for Illinois’ Fiscal Sustainability proposes a comprehensive three-year plan that addresses Illinois’ ongoing financial crisis with painful but necessary spending limits and revenue enhancements. The full 55-page report is available here. More than seven months into the current fiscal year, the State of Illinois continues…
This segment asks whether Illinois can run out of money while the State’s budget impasse continues. Civic Federation President Laurence Msall explained that the State is still receiving revenue, but that revenue can only be spent if there are existing budgetary appropriations or other spending authority. It cites a recent Civic Federation blog post on State revenue.
Revenue collected by the State of Illinois from the largest two areas of legal gaming in the State, riverboat casinos and lottery, both declined significantly in fiscal year 2015 while the State’s more recently implemented video gaming continued to grow. However, unlike previous years the gains in video gaming were not enough to offset the losses in the other areas. According to the annual gaming…
This segment covers a community forum in which certain Illinois legislators said the State has more options for increasing revenue. Senator Pat McGuire cited the Civic Federation’s FY2016 State of Illinois Recommended Budget Analysis, which suggests expanding the sales tax on services and taxing non-social security retirement income above $50,000, among other recommendations.
