State of Illinois

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Pension Bonds: Lessons from the State of Illinois

With governments in Illinois facing steep increases in yearly pension contributions, new plans are being floated to borrow billions of dollars to stabilize ailing pension funds and relieve budgetary pressures. The…

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An Examination of the Finances of Illinois Community Colleges

Annually the Civic Federation completes an analysis of the proposed budget of the City Colleges of Chicago. The Federation’s latest analysis of the City Colleges budget can be found…

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Examining Pension Savings in Illinois’ FY2019 Budget

Since Illinois passed its budget for the current fiscal year, many questions have been raised about the…

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Enacted Illinois FY2019 Budget Part III: Capital Spending and Debt Management

Following the enactment of the State of Illinois FY2019 budget on June 4, the Civic Federation blog has analyzed the potential impact on the…

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Update: How the State of Illinois FY2019 Enacted Budget Will Affect Local Governments

Illinois Governor Bruce Rauner presented his…

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Illinois Passes Budget on Time; Fiscal Challenges Remain

After three years of political gridlock and missed deadlines, the Illinois General Assembly passed a budget for the…

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Deadline Looms for State Budget?

When will Illinois have a budget for Fiscal Year 2019? The issue is of intense concern because of the State’s recent history: full budgets for FY2016 and FY2017 were never enacted, while the General Assembly…

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State of Illinois FY2019 Recommended Operating Budget: Analysis and Recommendations

Click here to read the full report. The Civic Federation’s Institute for Illinois’ Fiscal Sustainability is not…

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Forecasting Revenue for the State of Illinois

The Civic Federation has long supported the development of a consensus revenue forecast for the State of Illinois.…

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Illinois Finance 101: Paying Interest Penalties

New monthly reports by the Illinois Comptroller’s Office provide the first detailed public information about interest penalties owed on…