State bond funding for infrastructure projects in Illinois is running out after a $500 million issuance was pulled from the market earlier this week. The bond sale was cancelled due to concerns about higher than expected interest rates…
A national report on state budget issues released this week details the ongoing operating budget problems in Illinois and highlights the State’s dire need to invest in its neglected infrastructure. According to the State Budget Crisis Task…
Although discussion about the State of Illinois’ annual budget primarily focuses on the operating expenditures the State also appropriates significant funding each year for capital investments. The State approved a $22.7 billion capital…
The Civic Federation supports Governor Pat Quinn’s $57.4 billion FY2013 recommended operating budget, because it acknowledges the depth of the State’s financial problems and would put Illinois finances on the road to recovery with major…
Three weeks after Governor Pat Quinn delivered his FY2013 budget address, details on the recommended FY2013 capital budget are still not widely available. In most years, the Governor is required under the…
The Civic Federation's legislative priorities for 2012 include public pension reform, requiring the State of Illinois to develop and implement a capital improvement plan, dissolving the Illinois International Port District, creating a new…
The Civic Federation supports the proposed FY2012 Chicago Transit Authority budget of $1.2 billion because it will set the agency on a more sustainable path. The spending plan will also avoid fare hikes or service cuts if labor unions and…
The Civic Federation supports the FY2012 proposed Chicago Transit Authority budget of approximately $1.2 billion because it ends the past practice of using capital funds to close operating gaps and maintains current fare and service levels…
Entering the third year of the Illinois Jobs Now! capital program, the State’s capital revenue sources are still well below the anticipated debt coverage needed to pay for the more than $16 billion in bond funded projects already approved…
