Government Budgets

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State FY2013 Budget Update

With two weeks left to go before the Illinois General Assembly is scheduled to adjourn, two budget plans for FY2013 are on the table: Governor Pat Quinn’s recommended budget and an alternative budget framework approved by the Illinois…

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Illinois House, Senate deliberating future of enterprise zones

This article discusses a bill in the Illinois General Assembly that would extend the life of special taxing districts, or enterprise zones, created to stimulate business growth in blighted areas throughout the State. The Civic Federation…

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Civic Federation Supports Governor’s Budget but Raises Concerns

On May 1, 2012, the Civic Federation announced its support for Governor Pat Quinn’s FY2013 budget recommendation based on an analysis by the Institute for Illinois’ Fiscal Sustainability (IIFS), the Federation’s State government research…

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Illinois budget plan reforms lauded by watchdog

This article discusses Illinois fiscal crisis and the Civic Federation’s support for Governor Pat Quinn’s FY2013 proposed budget. Illinois’ already low credit rating could…

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Chicago Civic Federation Gives Illinois Budget the Green Light

(The full text of this article is avalible only to the publication's subscribers.) This article summarizes the Civic Federation’s FY2013 State of Illinois Recommended Budget…

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Civic Federation lauds Quinn's proposed 2013 state budget

This Greg Hinz column covers the Civic Federation’s FY2013 State of Illinois Recommended Budget Analysis. The Federation supports the proposed budget because it…

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Governor's Proposed Budget Would Put Illinois Finances on Path to Recovery; First budget since the crisis began to offer real solutions to the State’s problems

(CHICAGO) In a new report released today, the Civic Federation’s Institute for Illinois’ Fiscal Sustainability supports Governor Quinn’s proposed budget for FY2013. The $57.4 billion budget proposal acknowledges the depth of the State’s…

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State of Illinois FY2013 Recommended Operating and Capital Budgets: Analysis and Recommendations

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…

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Medicaid 101: How $337.5 Million Turns Into $675 Million

A key component of Governor Pat Quinn’s proposal to close the State of Illinois’ $2.7 billion Medicaid funding gap in FY2013 is an…

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Largest State Pension Fund Calls for Major Reforms in FY2013

The Teachers’ Retirement System of the State of Illinois (TRS) has concluded that it can no longer rely on the State to follow the law for funding its five retirement systems and that sweeping changes are needed to sustain the pension…