Click here to read the full report. Click here to read the press release for this analysis. EXECUTIVE SUMMARY The Governor’s proposed FY2024 budget reflects the State’s continued recovery from the pandemic recession. Since FY2021 State budgets have had year-end surpluses, much of which the State has directed toward several priorities strongly supported by the Civic Federation, such as paying down debt, increasing reserves and making supplemental pension payments. The State remains in a…
The State of Illinois FY2024 budget proposed by Illinois Governor JB Pritzker, reflects the State’s strong financial position following its economic recovery from the COVID-19 pandemic. The State has taken positive steps over the past several years to eliminate $4.5 billion in debt from the Unemployment Insurance Trust Fund, pay back $3.2 billion in federal Municipal Liquidity borrowing, pay down its bill backlog and make supplemental contributions to the State’s pension funds. The State has…
On November 14, 2022, the Governor’s Office of Management and Budget (GOMB) released the Illinois Economic and Fiscal Policy Report. The report includes changes to the FY2023 enacted budget revenue forecast and a five-year budgetary forecast. The FY2023 Enacted Budget On April 19, 2022, Governor JB Pritzker signed the State’s FY2023 budget, which consists of three bills, into law. The budget was passed nearly two months earlier than in previous years because the State’s primary election had…
The criminal justice system in Illinois is comprised of a multitude of different agencies and systems. This blog post will focus on the departments that make up the key criminal justice system agencies within Chicago and the State of Illinois, including agencies from three levels of government: municipal (City of Chicago), county (Cook County) and state (the State of Illinois). Each agency plays a role in the criminal legal system, although many criminal justice system agencies are…
On April 9, 2022 the Illinois General Assembly passed the three bills that comprise the FY2023 budget and FY2022 supplemental appropriations. On April 19 the Governor signed the bills into law. The FY2023 budget was passed nearly two months earlier than in previous years because the State’s primary election was moved to June from the usual March date and the General Assembly adjourned early to accommodate members’ campaign schedules. The FY2023 budget passed by the General Assembly is similar…
On March 24, 2022, the Civic Federation released its annual analysis and recommendations for the Governor’s proposed State of Illinois FY2023 Operating and Capital Budgets. The proposed budget noted that since the enactment of the FY2022 State Budget, revenue collections have continuously exceeded expectations. This strong performance has prompted both the Governor’s Office of Management and Budget (GOMB) and the Commission on Government Forecasting and Accountability (COGFA), the fiscal…
Click here to read the full report. Click here to read the press release for this analysis. SUMMARY Governor JB Pritzker’s proposed fiscal year 2023 budget benefits from extraordinary revenue growth as the State has recovered strongly from the pandemic, with surpluses projected for both FY2022 and FY2023. The Governor has prudently prioritized the use of much of the FY2022 and FY2023 surplus to pay down debt, increase reserves, make supplemental pension payments and advance other important…
Governor JB Pritzker’s proposed FY2023 State Budget directs funding to a number of public safety initiatives, including funding to implement Public Act 101-0652, known as the SAFE-T Act, signed into law by Governor Pritzker in February 2021. The sweeping criminal justice reform bill changes various policies and practices across the entire justice system including the courts, prisons and law enforcement agencies. The Civic Federation plans to release its full analysis of the Governor’s…
Illinois Governor JB Pritzker’s fourth budget recommendation proposes taking advantage of a stronger than expected economic recovery to fund supplemental spending and additional pension contributions in the current year, along with plans to rebuild the State’s meager rainy day fund. The balanced spending plan starkly contrasts projections made when the current FY2022 budget was approved in June 2021, as well as in November 2021 updated projections, which at the time showed a deficit for FY2023…
On November 9, 2021, the Governor’s Office of Management and Budget (GOMB) released the Illinois Economic and Fiscal Policy Report. The report includes a comparison of the FY2022 enacted budget with the current outlook for FY2022 and a five-year budgetary forecast. The FY2022 Enacted Budget On June 17, 2021, Governor JB Pritzker signed the State’s fiscal year 2022 budget, contained in P.A. 102-0016 and P.A. 101-0107, into law. The legislative sessions held this past spring were both in-person…
