Illinois’ Spending on Late Payment Interest Penalties Climbs after Bond Sale
After two years without a complete budget but with spending exceeding revenues, Illinois’ backlog of unpaid bills rose to…
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…
Illinois has by far the greatest number of local governments in the nation at 6,963, according to the U.S. Census Bureau’s 2012 Census of Governments. The vast number of local governments in Illinois is often cited as a driving factor for…
Illinois Public Act 100-0401, signed into law on August 25, 2017, will increase the value of the Senior Citizens and General…