Despite the General Assembly’s goal to pass a budget for FY2011 and adjourn by May 7, 2010, legislators headed home after the session ended with no budget and no clear path out of the State’s current woeful financial situation. Although multiple appropriations bills, revenue bills, pension borrowing plans and emergency budget bills were deliberated and voted on in both houses of the legislature,…
On May 11, Governor Quinn vetoed Senate Bill 0365, a bill that would have limited but not eliminated legislative scholarships. His veto message states that he cannot condone a program that provides student assistance regardless of need or merit but relies instead on the favor of a legislator. Governor Quinn recommends that the General Assembly pass House Bill 4685, which would eliminate the…
The ordinance that established the Cook County Health and Hospitals System (Health System) in 2008 specifically granted its independent Board of Directors the authority to participate in purchasing consortia. At a meeting on April 30, 2010, the Board reaffirmed its right to award a contract through such a purchasing group, despite objections from two Commissioners of the Cook County Board. The…
In response to opposition from state lawmakers, Governor Pat Quinn’s administration has scrapped a proposal to reduce state costs by $254.5 million in FY2011 by requiring all retirees to contribute to their health insurance premiums. Instead, state officials are considering alternatives that call for less drastic increases in retiree payments. As previously discussed in this blog, the State…
The Civic Federation recently released its analysis of Governor Pat Quinn’s recommended FY2011 operating and capital budgets for the State of Illinois. One of the Federation’s strongest points of opposition to the proposed $52 billion operating budget was that it relied heavily on borrowing for operations. The budget as proposed by the Governor called for borrowing to fund $4.7 billion of the…
Spending Plan Would Make Fiscal Crisis Worse (CHICAGO) The Civic Federation’s Institute for Illinois’ Fiscal Sustainability released today its analysis of Governor Quinn’s recommended FY2011 State of Illinois budget. The Federation opposes the Governor’s budget because it is unbalanced, relies too heavily on borrowing, doesn’t address $6.2 billion in unpaid bills, and would exacerbate the…
The Civic Federation opposes Governor Pat Quinn’s $52 billion FY2011 recommended operating budget for the State of Illinois because it is unbalanced and does too little to address the State’s fiscal crisis. The Governor’s recommended budget borrows billions to pay for operations while continuing to ignore the massive backlog of unpaid bills, which will make the State’s financial condition worse.…
The State of Illinois currently pays the entire bill for health insurance premiums for 90% of retired state workers. Under Illinois law, retirees with at least 20 years of government service and their survivors do not have to pay any portion of their health insurance premiums. Governor Pat Quinn’s FY2011 budget includes a proposal to save state taxpayers $254.5 million by requiring all retirees…
Although some national economic indicators suggest that the global recession, which began in December 2007, is showing signs of a gradual recovery, many state budgets are more stressed than ever and have little hope for significant economic gains in the coming fiscal year. The most recent report from the National Council of Economic Advisors, published in February, shows a turnaround in national…
This report describes how the taxable value of real estate is established in Cook County, Illinois. It explains the determination of assessed value and the calculation of taxable value, including data on triennial assessment districts, assessment methods, classification, assessed value, equalization, homestead exemptions, taxable value, and estimated full value of real estate. Read the press…
