Deficit

Released January 12, 2006

This Report explains why revenue underperformance, rather than spending, is the source of Illinois' chronic budget deficits.

Released January 29, 2007

This Issue Brief provides an overview to Illinois' structural deficit, which is a result of the state's flawed fiscal system. An updated Issue Brief was published by CTBA in 2008.

Released January 17, 2007

An analysis of the state's fiscal system finds that Illinois’ state deficit will increase to more than $6 Billion over the next five years, without adding or expanding any programs. This deficit increase is the result of a tax system that does not generate enough revenue to continue funding the c

Released May 1, 2007

This Report contains CTBA's analysis of the proposed FY2008 General Fund budget, which was introduced by Governor Rod Blagojevich in March of 2007.

Released January 22, 2008

This Issue Brief provides an updated overview to Illinois' structural deficit, which is a result of the state's flawed fiscal system.

Released January 29, 2008

The Citizen's Guide to the Illinois Budget and Tax System reviews the technical elements of the Illinois budget and tax system. 

Released March 11, 2008

After a record overtime sessions, the Illinois Fiscal Year (FY) 2008 budget was enacted on January 4, 2008. The total enacted General Fund budget for FY 2008 was $27.4 billion. This Report contains CTBA's analysis of the enacted, FY2008 General Fund budget.

Released March 1, 2009

Governor Rod Blagojevich proposed his FY2009 budget on February 20, 2008, and this Report provides CTBA's analysis of that budget proposal.

Released March 29, 2009

The proposed FY2010 General Fund budget was introduced by Governor Pat Quinn on March 18, 2009. This Report is CTBA's analysis of the Governor's FY2010 budget proposal. Illinois is in the middle of one of the worst economic downturns in history. 

Released March 11, 2009

How the state elects to resolve its record deficit will have a meaningful impact on the size and duration of the recession in the state's economy. Given this scenario, the state's best hope of growing its economy and countering the recession is to close its deficit by raising taxes progressively and maintaining or expanding spending on services.

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