State of Illinois

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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…

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Measuring the Impact of a Graduated Income Tax in Illinois Part II – Taxing Retirement Income at Graduated Rates

In a recent post, this blog analyzed the potential impact on State of Illinois revenues from replacing the current flat income…

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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…

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Governor’s FY2019 Budget Depends on Benefit Cost Shift

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…