Released 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.
Released 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.
Released September 24, 2007
This Report analyzes the basic public services Cook County provides and the revenue sources that fund them. The Report also examines the Cook County fiscal system to determine whether it has the ability to fund and sustain the level of public services it currently provides.
Released September 4, 2007
This Report explains the source of Illinois immense unfunded liability, and how it relates to the state's budget and overall fiscal position.
Released August 26, 2009
CTBA's August 2009, testimony to the Pension Modernization Task Force, Funding Subcommittee.
Released July 3, 2013
CTBA's 2013 testimony and presentation to the Pension Conference Committee.
Released October 10, 2006
This Fact Sheet provides information on how public education is funded in Illinois.
Released August 12, 2013
Ralph Martire's presentation on national education reform and the the federal Equity and Excellence Commission's report presented at the National Conference of State Legislators in Atlanta, GA.
Released January 12, 2006
A Fact Sheet on impact of state budget shortfalls on payments to Medicaid healthcare providers in Illinois.
Released January 12, 2006
This Report provides information on how proposed federal cuts to Medicaid in 2006 would have affected Illinois' program.