As part of an agreement with legislative leaders to push back the Governor’s annual budget address from February 17, 2010 until March 10, 2010, the Governor’s Office of Management and Budget posted preliminary FY2011 budget information to…
The State of Illinois’ underfunding of its retirement systems is a growing source of pressure on the State’s operating budget and an increasing focus of national attention. In a recent report by the Pew Center on the States, Illinois was…
An Analysis of the State’s Fiscal Crisis and Actionable Recommendations for Governor Pat Quinn and the Illinois General Assembly Please visit the Illinois Fiscal Rehabilitation Plan web…
Proposes Comprehensive Package to Address State Budget Crisis Please visit the Illinois Fiscal Rehabilitation Plan web page for a comprehensive look at the report. CHICAGO – The Civic…
One of the Chicago Transit Authority’s ongoing fiscal challenges has been balancing the cost of providing rides on the CTA with the fares the Authority collects from its customers. CTA Board Chairman Terry Peterson announced at the…
The State’s fiscal crisis is causing substantial difficulties for residents, state workers, state service providers and other governments. Budget cuts in early FY2010, which began July 1, led to…
This article discusses the Institute for Illinois’ Fiscal Sustainability at the Civic Federation’s finding that the Illinois two-year budget deficit will reach at least $12.8 billion by the end of FY2010 as a result of the loss of tax…
This article is about the Metropolitan Pier and Exposition Authority’s plans to restructure its debt because of declining tourist revenue. The Civic Federation says that the State of Illinois should look closely at the Authority’s plans…
In this blog post, Crain’s Chicago Business columnist Greg Hinz examines the findings of an analysis conducted by the Civic Federation’s Institute for Illinois’ Fiscal Sustainability’s of the FY2010 enacted State of Illinois budget,…
This article considers the possible privatization of the Illinois tollway system as a way of increasing funds for capital investment across the State. The Civic Federation is quoted saying that leasing an asset can bring in much-needed…
