Senate President John Cullerton says Illinois doesn’t need a revenue estimate By Adam Schuster 05/09/2018 Agreeing on how much money one has to spend is a basic first step of budgeting. TAGS: balanced budget requirement, budget, COGFA: Commission on Government Forecasting and Accountability, GOMB: Governor's Office of Management and Budget, Illinois Constitution, John Cullerton
Cap spending now: Illinois taxpayers need a responsible budget this year By Adam Schuster 05/04/2018 Lawmakers should voluntarily adopt a spending cap to give taxpayers the certainty they deserve. TAGS: balanced budget requirement, bonds, budget, COGFA: Commission on Government Forecasting and Accountability, credit rating, ILGA: Illinois General Assembly, Paul Simon Public Policy Institute, spending, spending cap, taxes
Lawmakers stand for spending cap in Springfield By Joe Tabor 04/27/2018 A constitutional amendment to impose fiscal discipline on state lawmakers is gaining bipartisan support. TAGS: balanced budget requirement, budget, Michael Connelly, spending, spending cap, taxes, Tom Cullerton
Will Illinois pass a budget this year? By Adam Schuster 04/20/2018 History shows lawmakers prefer to avoid tough but necessary choices. TAGS: balanced budget requirement, budget, credit rating, debt, income tax, Mike Madigan, progressive income tax, spending, spending cap, taxes
Bad accounting hides true size of Illinois’ budget deficits By Adam Schuster 04/19/2018 Poor accounting practices prevent true financial transparency in Illinois state government. TAGS: balanced budget requirement, budget, Comprehensive Annual Financial Report, GAAP: Generally Accepted Accounting Principles, Governmental Accounting Standards Board
Fixing Illinois’ busted budgets: Spending cap amendments filed in House and Senate By Austin Berg 02/08/2018 A proposal to tie state spending to what taxpayers can afford is earning bipartisan support in Springfield. TAGS: balanced budget requirement, budget, spending, Thomas Cullerton
State of the state: Illinoisans starving for certainty By Austin Berg 02/08/2018 Mandating more reasonable spending growth is the first step in a journey back to solvency for Illinois. The cap provides certainty today for a more responsible state government tomorrow. TAGS: Allen Skillicorn, balanced budget requirement, Bruce Rauner, budget, John Cullerton, Mike Madigan, spending, spending cap, Tom Cullerton
Proposed bill would prohibit unfunded mandates, require revenue for all discretionary spending By Vincent Caruso 01/24/2018 The Taxpayer Fiscal Charter Act would demand funding transparency before spending bills make their way out of Springfield. TAGS: balanced budget requirement, budget, ILGA: Illinois General Assembly, spending, taxes
Christmas wish list: 12 gifts for Illinois taxpayers in 2018 By Vincent Caruso 12/22/2017 After a punishing 2017, Illinoisans are in dire need of reform from Springfield. TAGS: balanced budget requirement, gerrymandering, higher education, income tax, Mike Madigan, pensions, property taxes, term limits, TIF: Tax Increment Financing, unions
Illinois’ new budget already has $1.7B hole despite largest permanent tax hike in state history By Ted Dabrowski, John Klingner 10/14/2017 Every budget through 2023 will likely be unbalanced as well. TAGS: balanced budget requirement, budget, credit rating, Governor’s Office of Management and Budget, income tax, Moody's Investor Service, taxes, unpaid bills