Roughly a month ago, on July 1, 2010, Governor Pat Quinn announced that he planned to cut $1.1 billion from the $26.0 billion FY2011 State of Illinois budget previously approved by the General Assembly. At that time, the Governor did not…
A tax increment financing (TIF) transparency bill (Public Act 096-1335) passed by the Illinois legislature in May and signed into law by Governor Pat Quinn on…
Despite a $2 billion drop in the State’s annual revenues in FY2010 , the General Assembly passed Governor Pat…
Almost immediately after the Illinois General Assembly approved an unbalanced budget for FY2011, two of the three major rating agencies downgraded the state’s debt ratings. It…
The Illinois Department of Revenue has announced that the tentative equalization factor for the Cook County 2009 property assessment year (taxes payable in late 2010) is…
On July 1, 2010—the first day of the State of Illinois’ FY2011 fiscal year—Governor Pat Quinn said that his budget for the new year will contain major spending cuts. However, most of the reductions have yet to be determined and the FY2011…
The State of Illinois has yet to determine how it will handle its required pension contributions for FY2011. However, a recent analysis by the Commission on…
Civic Federation Position Statement on School Vouchers June 17, 2010 The Civic Federation supports the use of vouchers to provide students in low-performing public schools with the opportunity to attend private schools. We view charter…
The State of Illinois is not the only cash-strapped state that shied away from major tax increases to improve its financial condition in FY2011. According to Stateline.…
