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ILLINOIS

Illinois

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    • Headlines : Illinois, Indiana, Kentucky, Michigan, Nebraska, New Jersey, North Carolina , South Dakota, Texas, Vermont, New York, Pennsylvania, Oregon

      Williams Report - July 29, 2014

      by Bob Williams | July 29, 2014

      Join us on Twitter today by following @StateBudgets and tweeting with the hashtag #SBSBob.

    • Headlines

      Williams Report - July 21, 2014

      State Budget Solutions | by Bob Williams | July 21, 2014

      The Williams Report is BACK after a one week hiatus. Be honest, you missed it! Join us on Twitter today by following @StateBudgets and tweeting with the hashtag #SBSBob. 

    • Headlines

      States with budget surpluses may not really be in the black

      State Budget Solutions | by Joe Luppino-Esposito | July 17, 2014

      State Budget Solutions tracks the claimed surpluses of state budgets and explains why there is more than meets the eye.

    • Headlines : Illinois, Maryland, Minnesota, New Hampshire , North Carolina

      Williams Report - July 7, 2014

      State Budget Solutions | by Bob Williams | July 7, 2014

      We hope you had a great Independence Day weekend! Join us on Twitter today by following @StateBudgets and tweeting with the hashtag #SBSBob.

    • Headlines : Illinois, Indiana, Maine , Massachusetts , Michigan, New Jersey, North Carolina , Oklahoma

      Special Edition Williams Report July 2, 2014

      State Budget Solutions | by Bob Williams | July 2, 2014

      Welcome to a special edition of the Williams Report! There has been a lot of news this week: an important U.S.Supreme Court decision on unions and the end of the fiscal year in many states have been in the headlines. Join us on Twitter today by following @StateBudgets and tweeting with the hashtag #SBSBob.

    • Budget timeline: Annual

      Fiscal Year starts: July 1

      The current state budget can be found here.

      Find the legislative session calendar here.

      Find the current legislative leaders here.

       

       

      IL Gov. Quinn

      Gov. Pat Quinn
      State Capitol
      207 Statehouse
      Springfield, IL 62706
      Phone: (217) 782-6830
      Fax: (217) 524-4049
      http://www.illinois.gov/gov/

       

       

      David Vaught, Director
      Bureau of the Budget
      603 Stratton Building
      Springfield, IL 62706
      Phone (217) 782-4520
      Fax: (217) 524-4876
      www.state.il.us/budget/
      BureauBudget.OMB@illinois.gov

       

      Illinois is required to pass a "balanced budget." Article VIII, Section 2 of the 1970 Constitution requires the general assembly to make appropriations for all expenditures of public funds, with appropriations for a fiscal year not exceeding funds estimated by the general assembly to be available for that fiscal year. Illinois law does not forbid the carrying over of a deficit from one year to the next.

       

      Illinois has capped spending when expenditures exceed revenues the previous year. If the budget falls short on revenue by 4% or more, than the next year's budget can only spend 99% of the estimated revenue. If it is 4% short 2 years in a row, the cap is set at 98%. Despite these balanced budget requirements Illinois report more than $4 billion deficits (negative net transactions) for each of the three years studied.

       

      There are no statutory requirements that govern what kinds of assumptions can be made about revenue or expenses. Therefore the Illinois budget is "unbalanced" in different ways in different years.  [from the Institute for Truth in Accounting]

       

      Citizens can can find data regarding the state's payroll, pension and expenditures directly from official government sources, as well as a spending blog, at IllinoisOpenGov.org

       

      Find the state's bond ratings here.

       

       

       

       

       

       

       

      Illinois Policy  Inst. logo

    • Solutions

      How Reality-Based Budgeting Can Permanently Resolve State Budget Gaps

      State Budget Solutions | by Bob Williams | November 7, 2012

      State Budget Solutions recommends that state legislators take action in 2013 to resolve the serious state financial crises by changing their focus from inputs to outcomes by redesigning budgets from the ground up based on priorities and performance.

    • Solutions

      How to Prevent Future Pension Crises

      by Cory Eucalitto | November 1, 2012

      The time for state and local governments to offer defined contribution retirement plans that protect both taxpayer dollars and public employee retirement security is now.

    • Solutions

      State Lawmakerís Guide to Evaluating Medicaid Expansion Projections

      The Heritage Foundation | by Edmund F. Haislmaier and Drew Gonshorowski | October 17, 2012

      Supporters of Obamacare claim that expanding Medicaid will entail little to no cost to state governments, since the federal government will fund the vast majority of the additional costs. Indeed, some analyses project states achieving savings from adopting the expansion. However, state lawmakers should be wary of accepting such analyses at face value.

    • Solutions

      Medicaid Is BrokenóLet the States Fix It

      The Wall Street Journal | by Paul Howard and Russell Sykes | October 15, 2012

      Block-granting Medicaid is the best way to deliver better, cost-effective care to the most vulnerable Americans.

    • Solutions

      The Case for Reform: Prisons

      Right on Crime | August 1, 2012

      Prisons are supremely important, but they are also a supremely expensive government program, and thus prison systems must be held to the highest standards of accountability.

    • Illinois, Indiana, Kentucky, Michigan, Nebraska, New Jersey, North Carolina , South Dakota, Texas, Vermont, New York, Pennsylvania, Oregon

      Williams Report - July 29, 2014

      by Bob Williams | July 29, 2014

      Join us on Twitter today by following @StateBudgets and tweeting with the hashtag #SBSBob.

    • Williams Report - July 21, 2014

      State Budget Solutions | by Bob Williams | July 21, 2014

      The Williams Report is BACK after a one week hiatus. Be honest, you missed it! Join us on Twitter today by following @StateBudgets and tweeting with the hashtag #SBSBob. 

    • Illinois, Maryland, Minnesota, New Hampshire , North Carolina

      Williams Report - July 7, 2014

      State Budget Solutions | by Bob Williams | July 7, 2014

      We hope you had a great Independence Day weekend! Join us on Twitter today by following @StateBudgets and tweeting with the hashtag #SBSBob.

    • Illinois, Indiana, Maine , Massachusetts , Michigan, New Jersey, North Carolina , Oklahoma

      Special Edition Williams Report July 2, 2014

      State Budget Solutions | by Bob Williams | July 2, 2014

      Welcome to a special edition of the Williams Report! There has been a lot of news this week: an important U.S.Supreme Court decision on unions and the end of the fiscal year in many states have been in the headlines. Join us on Twitter today by following @StateBudgets and tweeting with the hashtag #SBSBob.

    • Illinois

      How big are the savings from the state's pension overhaul?

      The Chicago Sun Times | by Scarlet Swerdlow | June 2, 2014

      If implemented, Senate Bill 1 lighten Illinois' load by 25 percent, but the state would still be responsible for $78.9 billion in pension debt. Senate Bill 1 includes a schedule to fully fund the state's retirement systems by 2045.