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ILLINOIS

Illinois

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    • Headlines : Illinois, Kansas, Massachusetts , New Jersey, North Carolina , Oklahoma, Pennsylvania, Virginia, West Virginia, Arizona, California, Michigan

      Williams Report - May 25, 2016

      State Budget Solutions | by Bob Williams | May 25, 2016

      Pension Reform Wins Big in Arizona; Major Kudos to Senator Debbie Lasko!

    • Headlines : California, Connecticut, Illinois, Massachusetts , New York, Oklahoma, Pennsylvania, West Virginia, Michigan, Arizona, New Jersey, North Carolina , Wisconsin

      Williams Report - May 18, 2016

      State Budget Solutions | by Bob Williams | May 18, 2016

      US state, local pensions funded at half levels of other countries...

    • Headlines : Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Hawaii, Kansas, Massachusetts , Michigan, Missouri, Oklahoma, Pennsylvania, South Carolina, West Virginia, Illinois, Kentucky, New Jersey, New York

      Williams Report - May 11, 2016

      State Budget Solutions | May 11, 2016

      Financial reality is not negotiable. 

    • Headlines : Arizona, Connecticut, Illinois, Kansas, Massachusetts , Mississippi, North Carolina , Texas, West Virginia, California, Florida, Kentucky, New Jersey, Rhode Island, South Carolina

      Williams Report - April 27, 2016

      State Budget Solutions | by Bob Williams | April 27, 2016

      Pension funds review tobacco divestment; Puerto Rico kicks a useless can; More...

    • Headlines : Connecticut, Illinois, Kentucky, Louisiana, Massachusetts , Mississippi, New Jersey, Texas, Alabama, California, Pennsylvania

      Williams Report - April 20, 2016

      State Budget Solutions | by Bob Williams | April 20, 2016

      Rich States, Poor States: Will your state's economy do well in 2016? 

    • 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

    • Pensions :

    • HEADLINES: California, Connecticut, Delaware, Florida, Kansas, Kentucky, Massachusetts , New Mexico , New York, North Dakota, Oklahoma, Pennsylvania, Tennessee, Arizona, Illinois

      Williams Report - February 3, 2016

      State Budget Solutions | by Bob Williams | February 3, 2016

      State Budget and Pension News from Statehouses Around the Country

    • HEADLINES: Alaska, Connecticut, Illinois, Kentucky, Mississippi, New Mexico , Oklahoma, Pennsylvania, Washington, Wyoming, California, Florida, Michigan, New Jersey, New York

      Williams Report - January 27, 2016

      State Budget Solutions | January 27, 2016

      High-Tax States; Scary Pension Math; More Fiscal Headlines from Statehouses Nationwide

    • View All Illinois articles
    • State Debt :

    • HEADLINES: California, Connecticut, Delaware, Florida, Kansas, Kentucky, Massachusetts , New Mexico , New York, North Dakota, Oklahoma, Pennsylvania, Tennessee, Arizona, Illinois

      Williams Report - February 3, 2016

      State Budget Solutions | by Bob Williams | February 3, 2016

      State Budget and Pension News from Statehouses Around the Country

    • HEADLINES: Alabama, Alaska, Arkansas, Connecticut, Florida, Illinois, Minnesota, Missouri, New Hampshire , North Carolina , Oklahoma, Pennsylvania, Tennessee, California

      Williams Report - September 22, 2015

      State Budget Solutions | by Bob Williams | September 22, 2015
      Join us on Twitter by following @StateBudgets and using the hashtag #SBSbob.
    • View All Illinois articles
    • Revenue :

    • HEADLINES: California, Connecticut, Delaware, Florida, Kansas, Kentucky, Massachusetts , New Mexico , New York, North Dakota, Oklahoma, Pennsylvania, Tennessee, Arizona, Illinois

      Williams Report - February 3, 2016

      State Budget Solutions | by Bob Williams | February 3, 2016

      State Budget and Pension News from Statehouses Around the Country

    • HEADLINES: Alaska, Connecticut, Illinois, Kentucky, Mississippi, New Mexico , Oklahoma, Pennsylvania, Washington, Wyoming, California, Florida, Michigan, New Jersey, New York

      Williams Report - January 27, 2016

      State Budget Solutions | January 27, 2016

      High-Tax States; Scary Pension Math; More Fiscal Headlines from Statehouses Nationwide

    • View All Illinois articles
    • 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.

    • California, Connecticut, Delaware, Florida, Kansas, Kentucky, Massachusetts , New Mexico , New York, North Dakota, Oklahoma, Pennsylvania, Tennessee, Arizona, Illinois

      Williams Report - February 3, 2016

      State Budget Solutions | by Bob Williams | February 3, 2016

      State Budget and Pension News from Statehouses Around the Country

    • Alaska, Connecticut, Illinois, Kentucky, Mississippi, New Mexico , Oklahoma, Pennsylvania, Washington, Wyoming, California, Florida, Michigan, New Jersey, New York

      Williams Report - January 27, 2016

      State Budget Solutions | January 27, 2016

      High-Tax States; Scary Pension Math; More Fiscal Headlines from Statehouses Nationwide

    • Alaska, Arizona, Connecticut, Illinois, Indiana, Iowa, Louisiana, Michigan, New Jersey, New York, Pennsylvania, California, Massachusetts

      Williams Report - January 20, 2016

      State Budget Solutions | by Bob Williams | January 20, 2016

      State Pension Funds: As Broke As Ever; Illinois, Pennsylvania Budget Stalemates Continue; More Headlines from Statehouses Nationwide

    • California, Illinois, New Jersey, Oklahoma, Pennsylvania, Kentucky, Virginia, Oregon

      Williams Report - January 6, 2016

      State Budget Solutions | by Bob Williams | January 6, 2016

      Join the discussion on Twitter by following @StateBudgets!

    • Alaska, California, Colorado, Connecticut, Delaware, Florida, Illinois, Hawaii, Iowa, Louisiana, North Carolina , Pennsylvania, Vermont, West Virginia, Massachusetts , New York

      Williams Report - November 17, 2015

      State Budget Solutions | by Bob Williams | November 17, 2015

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

    • Headlines : Illinois, Kansas, Massachusetts , New Jersey, North Carolina , Oklahoma, Pennsylvania, Virginia, West Virginia, Arizona, California, Michigan

      Williams Report - May 25, 2016

      State Budget Solutions | by Bob Williams | May 25, 2016

      Pension Reform Wins Big in Arizona; Major Kudos to Senator Debbie Lasko!

    • Headlines : California, Connecticut, Illinois, Massachusetts , New York, Oklahoma, Pennsylvania, West Virginia, Michigan, Arizona, New Jersey, North Carolina , Wisconsin

      Williams Report - May 18, 2016

      State Budget Solutions | by Bob Williams | May 18, 2016

      US state, local pensions funded at half levels of other countries...

    • Headlines : Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Hawaii, Kansas, Massachusetts , Michigan, Missouri, Oklahoma, Pennsylvania, South Carolina, West Virginia, Illinois, Kentucky, New Jersey, New York

      Williams Report - May 11, 2016

      State Budget Solutions | May 11, 2016

      Financial reality is not negotiable. 

    • Headlines : Arizona, Connecticut, Illinois, Kansas, Massachusetts , Mississippi, North Carolina , Texas, West Virginia, California, Florida, Kentucky, New Jersey, Rhode Island, South Carolina

      Williams Report - April 27, 2016

      State Budget Solutions | by Bob Williams | April 27, 2016

      Pension funds review tobacco divestment; Puerto Rico kicks a useless can; More...

    • Headlines : Connecticut, Illinois, Kentucky, Louisiana, Massachusetts , Mississippi, New Jersey, Texas, Alabama, California, Pennsylvania

      Williams Report - April 20, 2016

      State Budget Solutions | by Bob Williams | April 20, 2016

      Rich States, Poor States: Will your state's economy do well in 2016? 

    • Headlines : Arkansas, Colorado, Connecticut, Florida, Illinois, Kentucky, Missouri, New Jersey, New York, Pennsylvania, West Virginia, Kansas

      Williams Report - April 13, 2016

      State Budget Solutions | by Bob Williams | April 13, 2016

      2016 'Rich States, Poor States' Rankings Unveiled; Obama's Medicaid Traps for States; More... 

    • Headlines : Colorado, Connecticut, Illinois, Kentucky, Louisiana, Michigan, Nebraska, New Jersey, New York, Pennsylvania, Alaska

      Williams Report - April 6, 2016

      State Budget Solutions | by Bob Williams | April 6, 2016

      Colorado's State Budget Battle; Chicago's Pension-Driven Education Crisis; More...

    • Headlines : Alaska, Colorado, Kansas, Kentucky, Louisiana, Maryland, Massachusetts , Michigan, Nebraska, New York, Pennsylvania, Tennessee, Vermont, Washington, California, Illinois, New Jersey

      Williams Report - March 30, 2016

      State Budget Solutions | by Bob Williams | March 30, 2016

      Illinois, New Jersey Downgraded Again

    • Headlines : Alaska, Arkansas, Colorado, Connecticut, Florida, Illinois, Iowa, Kentucky, Louisiana, Maryland, Missouri, New York, Pennsylvania, Alabama, Arizona, California, Nebraska, New Jersey, Texas

      Williams Report - March 23, 2016

      State Budget Solutions | by Bob Williams | March 23, 2016

      Breaking: PA Governor Wolf relents after 9-month budget impasse

    • Headlines : Arkansas, Connecticut, Iowa, Kentucky, New York, Pennsylvania, South Dakota, Virginia, Washington, West Virginia, California, Florida, Illinois, New Jersey

      Williams Report - March 16, 2016

      State Budget Solutions | by Bob Williams | March 16, 2016

      Public employee pensions aren't taking more investment risk? You're kidding me!