| Center for Tax and Budget Accountability

Reports

Analysis of the FY2014 General Fund Budget

Release: October 1, 2013

The fiscal problems that have historically plagued Illinois are on full display in the FY2014 General Fund budget passedby the Illinois General Assembly. The state’s accumulated deficit remains significant, and in all likelihood will be at least $8 billion by the end of FY2014. Despite increases for some aspects of the General Fund budget, net spending on services will be $173 million less in FY2014 than in FY2013. Meanwhile, as spending on service delivery continues to decline, the annual cost of debt service continues to grow—specifically the debt owed to the state’s five public pension systems.

FY2014, 97th General Assembly, Taxpayer Accountability and Budget Stabilization Act, Deficit, State Revenue, Graduated Income Tax, General Fund, State Budget

The Illinois State Budget and Tax Primer

Release: March 1, 2013

With over 70 tables and charts, the Illinois State Budget and Tax Primer details the technical elements of the budget process, revenue system and challenges the state faces in clear terms.

FY2013, 97th General Assembly, Taxpayer Accountability and Budget Stabilization Act, Deficit, Income Tax, Sales Tax, General Fund

HJRCA 49: A Constitutional Amendment Regarding the Rules Governing Pension Benefit Increases

Release: August 27, 2012

This Issue Brief provides an overview of the state pension systems' underfunding and an analysis of House-Joint Resolution Constitutional Amendment (HJRCA) 49. HJRCA 49 would create a new section to the Illinois Constitution.

State Pensions, Second Benefit Tier, COLA, State Constitution, 97th General Assembly