Impact on Illinois' Structural Deficit
Release: October 21, 2019
The state of Illinois faces a significant structural deficit into the future. The report highlights the nature of the structural deficit and identifies two key causes: the state’s historically flawed tax policy and the plan devised for repayment of Illinois’ pension debt. CTBA proposes both the adoption of the Fair Tax and a reamortization of the pension debt as described in the report titled: Addressing Illinois’ Pension Debt Crisis With Reamortization. Doing so would allow the State to ensure full funding for the Evidence Based Funding Formula while also improving the status of Illinois’ public employee pension system and eliminating the State’s structural deficit by 2042.
Illinois’ Significant Disinvestment in Higher Education
Release: January 27, 2017
Center for Tax and Budget Accountability Releases New Report on the Cost of Disinvestment in Higher Education
CHICAGO – Between 2000 and 2015, Illinois cut nearly $1.4 billion from General Fund appropriations to Higher Education—even before the ongoing budget crisis, which has cost Illinois colleges and universities over a billion addition dollars. That is one finding from Illinois’ Significant Disinvestment in Higher Education, a new report released today by the Center for Tax and Budget Accountability (CTBA).
How Revenue and Spending Impact the Illinois General Fund
Release: May 6, 2015
PowerPoint presented by Ralph Martire at the Senate Revenue Hearing.
FY2015 Illinois Budget Proposals: In Context
Release: April 8, 2014
Presentation on the FY2015 budget proposals given at the National Associatioin of Social Workers Advocacy Day in Springfield, Illinois.
Governor's FY2015 Proposed General Fund Appropriations ($ Millions)
Illinois Should Enact a Wage Sharing Program
Release: June 27, 2012
“Wage sharing” is an innovative way to use unemployment compensation to prevent layoffs. This Fact Sheet makes the case for why Illinois should enact a wage sharing program.