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.
CTBA's Testimony and Presentation to the Pension Conference Committee
Release: July 3, 2013
CTBA's 2013 testimony and presentation to the Pension Conference Committee.
Issue Brief: Analysis of the Governor’s Office of Management and Budget’s Pension Stabilization Summary
Release: August 1, 2012
This Issue Brief provides a synopsis of the core changes the Quinn Administration proposed for the state pension systems and an analysis of the cost saving estimates produced by the Governor's Office of Management and Budget.
The Case for Fundamental Tax Reform in Illinois: Why We Need a Graduated State Income Tax
Release: May 23, 2012
Presentation on why Illinois needs tax reform, and the case for a graduated income tax.
Analysis of the FY2013 Proposed Illinois FY2013 General Fund Budget
Release: April 8, 2012
This Report provides an analysis of the FY2013 General Fund budget proposed by Governor Pat Quinn on February 22, 2012.