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 July 3, 2013
CTBA's 2013 testimony and presentation to the Pension Conference Committee.
Released August 27, 2013
Despite an increase in spending, Chicago Public Schools is proposing to eliminate 1,520 instruction positions and draw down reserves to dangerous levels in its FY2014 proposed budget.