Government Budgets

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Chicago mayor mum on looming pension issues in budget address

This article discusses Mayor Rahm Emanuel’s FY2015 Budget announcement for the…

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State of Illinois Education Funding: Analyzing Trends

Whether the State of Illinois has spent more or less on education in the last five years has recently been the subject of intense debate…

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Another Report Maligns Illinois' Budget

(The full content of this article is only available to the publication’s subscribers.) This article discuses findings in the FY2015 State of Illinois Enacted Budget

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Illinois budget to increase unpaid bills to $6.4 bln –report

This article reviews the FY2015 State of Illinois Enacted Budget analysis by the Civic Federation’s Institute for Illinois’ Fiscal Sustainability. The analysis found the…

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State of Illinois Enacted FY2015 Budget: A Review of the Operating and Capital Budgets for the Current Fiscal Year

This analysis finds that the State of Illinois' FY2015 enacted budget represents a return to unsustainable fiscal practices including borrowing for operations and underfunding known costs. This spending plan will increase Illinois’ backlog…

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Illinois' FY2015 Budget Will Increase Unpaid Bills for First Time Since FY2012

Spending Plan Halts Illinois' Recent Fiscal Progress An analysis released today by the Institute for Illinois’ Fiscal Sustainability finds that the FY2015 budget represents a return to unsustainable fiscal practices including borrowing…

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Illinois Clears Backlog of Income Tax Refunds and Reaps Surpluses

As recently as 2011, the State of Illinois projected its backlog of unpaid income tax refunds could increase to more than $1.0 billion but by the end of…

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Illinois to Fund Kidney Transplants for Undocumented Residents

A new law that restores certain Medicaid benefits previously cut due to budget pressures also adds a new service: kidney transplants for undocumented Illinois residents.…

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Social Impact Funding through Pay for Success Contracts in Illinois

Despite its name, a social impact bond (SIB) is not a debt instrument and does not require a government to issue debt. Rather, an SIB is a social impact financing arrangement whereby funds are raised from private sector investors to…

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Illinois Should Not Budget for Payment Delays

Businesses do not always pay their bills immediately, and neither do governments. Delays of a month or two are standard practice, although prompt…