Measuring the Impact of a Graduated Income Tax in Illinois
Of the 41 states with broad-based personal income taxes, Illinois is one of eight with a flat tax rate. The…
Of the 41 states with broad-based personal income taxes, Illinois is one of eight with a flat tax rate. The…
Amid concerns about renewed political stalemate in Springfield, Illinois Governor Bruce Rauner on February 14, 2018 proposed a budget for the next fiscal year that…
After two years without a complete budget but with spending exceeding revenues, Illinois’ backlog of unpaid bills rose to…
Click here to read the full report. Prior to the release of the Governor’s annual budget recommendation, the Institute for Illinois’…
Illinois has grappled with a number of financial challenges over the last decade, including structural deficits, pension underfunding and a two year standoff without a budget. Now, some leaders and advocates have begun to demand renewed…
2018 Civic Federation Legislative Priorities The Civic Federation's legislative priorities for 2018 include…
The following are the five most read blog posts presented by the Institute for Illinois’ Fiscal Sustainability in 2017. These posts discuss issues ranging from Medicaid expansion to the end of Illinois’ historic two-year budget impasse and…
After stabilizing due to legislative changes, Illinois’ contributions to its severely underfunded retirement…
The financial condition of Illinois’ pension funds improved slightly due to strong investment returns, but they remained critically underfunded at the end of fiscal year 2017. The five State-funded retirement systems had total unfunded…
When the Illinois General Assembly overrode Governor Rauner’s veto of the FY2018 budget package in July, it estimated that the enacted budget would have an operating surplus of about…