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.
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.
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.
Illinois FY2013 General Fund Enacted Budget Analysis
Release: August 2, 2012
This Report provides an analysis of the enacted FY2013 General Fund budget.
Raising the Illinois Minimum Wage Now
Release: May 22, 2012
This Fact Sheet highlights the reasons why raising the minimum wage is needed in Illinois.