State of Illinois

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No Budget Deal in Sight as General Assembly Session Ends

The Illinois General Assembly ended its regular session on May 31, 2017 without passing a budget, heightening concerns that the State might move into a third year without a complete financial plan. Standard & Poor’s and Moody’s…

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Potential Downgrades Once Again Threaten to Terminate Illinois’ Swaps

June 13, 2017 UPDATE: The State of Illinois has renegotiated the termination thresholds on four of its five…

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Public Service Recognition Week Honors Dedication of Public Servants

May 7-13, 2017 is Public Service Recognition Week, an initiative of the Public Employees Roundtable (PER), its member organizations and the…

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State of Illinois FY2018 Recommended Operating Budget: Analysis and Recommendations

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

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‘Lifeline’ Plan Would Partially Fund Higher Education, Human Services

As Illinois approaches the end of its second year without a complete budget, lawmakers are debating a new plan to provide partial funding for higher education and human services. This blog post examines the size of the funding gap and how…

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Transform Illinois Coalition Pushes Ahead on Government Consolidation

While Illinois lawmakers remain gridlocked over a State budget plan, another area shows promise of compromise in Springfield: government consolidation. With over 6,900 local government units, Illinois has…

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Governor Rauner Vetoes Chicago Municipal and Laborers’ Pension Reforms

On Friday March 24, 2017 Illinois Governor Bruce Rauner vetoed Senate Bill 2437,…

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Illinois Senate Holds Hearing on Budget Problems, Solutions

On March 22, two State Senate committees heard testimony on Illinois’ fiscal crisis. The not surprising message of the nearly three-hour hearing: the State’s budget problems have built up over many years, driven largely by rising pension…

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Revenue Underperformance Adds to the Difficulty of Balancing Illinois’ Budget

In addition to many other obstacles to achieving a balanced budget, Illinois now faces another setback this week, this time in the form of under-performing revenues. A…

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Governor’s FY2018 Budget Proposal Unbalanced, Depends on Senate Grand Bargain

As Illinois endured its 20th month without a complete budget, Governor Bruce Rauner proposed a financial plan for the upcoming fiscal year with a significant operating deficit and no details on how to address the State’s multi-billion…