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Government Budgets

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New report shows Illinois’ finances could go from bad to worse

This article covers the Civic Federation’s FY2014 State of Illinois Roadmap, released February 25. The report projects a $22 billion backlog of unpaid bills by…

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Illinois' Unpaid Bill Backlog Projected to Reach $22 Billion by FY2018

State urgently needs long-term plan to address rising pension and Medicaid costs, loss of income tax revenues (CHICAGO) – An analysis released today by the Civic Federation’s Institute for Illinois’ Fiscal Sustainability shows the State…

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State of Illinois FY2014 Budget Roadmap

Prior to the release of the Governor’s annual budget recommendation, the Institute for Illinois’ Fiscal Sustainability at the Civic Federation releases an analysis of the State of Illinois’ fiscal condition. The FY2014 Roadmap includes a…

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Governor’s Budget Address Officially Postponed to March 6, 2013

After months of uncertainty, the date of Governor Pat Quinn’s budget address for FY2014 was officially postponed through action by the Governor on the same day it was originally required by law to be delivered.   Although the later…

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How Does the City of Baltimore’s Ten-Year Financial Forecast Compare to the Planning Initiatives of Chicago-Area Governments?

The City of Baltimore made news last week by releasing a first-of-its-kind ten-year financial forecast. The report, commissioned from Public Financial…

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Governor’s Projection Shows Impact of Income Tax Rollback

A new three-year budget projection for the State of Illinois by Governor Pat Quinn’s administration shows that significant spending reductions will…

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Unfinished Business Looms at the Close of the 97th General Assembly

The 97th Illinois General Assembly’s closing session ended on January 9, 2013, leaving many questions unresolved about the State’s current budget year and fiscal sustainability in the face of its…

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MWRD Increases Appropriations in Final Approved Budget

The Metropolitan Water Reclamation District (MWRD) is a special-purpose government providing wastewater treatment for residents and industrial businesses primarily in Cook County. The budget process for the MWRD differs from the budget…

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RTA Budget Stalls Over CTA Bonding

(The full content of this article is only available to the publication’s subscribers.) This article discusses the Regional Transportation Authority’s delay in voting on the Chicago Transit Authority’s proposed 2013 budget and request for…

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IIFS Blog Continues to be at Forefront of Illinois Fiscal Developments

Throughout this year’s Illinois budget negotiations, the IIFS blog was a valuable source of information and focus in the State’s murky and complex budget process. This year’s negotiations included a groundbreaking effort to address the…