State of Illinois Budget

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Civic Federation: Higher Taxes, Spending Limits Needed To Fix State Budget

This article highlights the Civic Federation’s FY2017 State of Illinois Budget Roadmap and its recommendations to help stabilize Illinois’ finances. Civic Federation President Laurence Msall speaks about the Federation’s comprehensive plan to address the State’s fiscal issues. 

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Without budget in place, Rauner to propose next year's plan

This article discusses Governor Rauner’s Budget Address speech and the need to resolve the State’s current budget impasse. Laurence Msall, President of the Civic Federation notes that there is nothing easy about what the State faces.

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Gov. Rauner To Give Budget Address As Stalemate Continues

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.

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More Warnings, Advice For Illinois Lawmakers

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.

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Civic Federation: Illinois Needs $9.4 Billion in New Taxes by 2019 to Survive

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.  

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Civic Federation lays out painful plan to stabilize Illinois finances

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.

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State of Illinois FY2017 Budget Roadmap

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…

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Civic Federation Proposes Comprehensive Plan to Stabilize Illinois Finances by End of FY2019

(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…

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Governor’s Budget Projection Shows Growth in Unpaid Bills

A new report by Governor Bruce Rauner’s administration projects that the State of Illinois’ backlog of unpaid bills could grow to $25.0 billion in FY2019 from $4.4 billion in FY2015 based on current tax and spending policies. The three-year forecast, issued on January 6, 2016, covers FY2017 through FY2019. It also includes actual budget results for FY2015, which ended on June 30, 2015, and…

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Why the State Budget Impasse Might Not End until Next Winter

This article reports on the signs indicating that the State of Illinois may not have a budget until later this calendar year. Civic Federation President, Laurence Msall, discusses the looming pressures to put an end to the budget impasse.