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Weak accounting standards enable Illinois budget deficits

By Jordan Carlson
02/19/2021
While the private sector is held to a higher standard, rules from the Governmental Accounting Standards Board have enabled Illinois to engage in reckless financial practices that harm taxpayers and the state’s economy.

TAGS: accounting, budget, deficit, Illinois Constitution

Pritzker budget relies on $800M in legally questionable accounting gimmicks

By Adam Schuster
03/05/2020
Illinois law requires the governor to propose a budget balanced with existing revenues. To do so, Gov. J.B. Pritzker proposes cutting aid owed local governments, raiding the road fund, letting health insurance costs pile up and withholding taxpayers’ refunds.

TAGS: accounting, budget, JB Pritzker, pensions, progressive income tax

Bill would curb Illinois state budget gimmicks allowing deficits since 2001

02/27/2020
Illinois has not truly balanced its budget since 2001 despite a constitutional requirement to do so. A new bill would help change that.

TAGS: accounting, balanced budget requirement, constitutional amendment, Illinois Constitution, Jaime Andrade Jr., NASBO: National Association of State Budget Officers

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Center for Poverty Solutions / Research Report

Beyond degrees: Empowering Illinoisans through career-first education


Published June 3, 2025 EXECUTIVE SUMMARY The best path to empowerment and success, especially for poor people, is work. Work allows us to prosper while providing dignity, upward mobility, the means to support ourselves and create value for others. It’s how we become thriving members of our community. Central to this process is our education...

View Report

Report Archive

Budget + Tax / Your Story

Allan Luzbetak

Labor / Policy Point

Process for unionizing non-state workers raises red flags

By Paul Kersey
06/19/2014
Illinois Policy In the News

CBS Chicago: Illinois’ highest-paid superintendent receives $400K per year to oversee 1,200 students

By Ted Dabrowski
05/02/2016

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