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Comptroller Mendoza’s plan aims to rebuild Illinois’ rainy-day fund

By Adam Schuster, Perry Zhao
08/27/2021
Automatic transfers into Illinois’ rainy-day reserves could help when another fiscal crisis similar to COVID-19 happens.

TAGS: rainy day fund

Federal Reserve throws credit lifeline to near-junk Illinois

By Adam Schuster
04/16/2020
The Federal Reserve announced unprecedented plans to directly purchase up to $500 billion in state and local government bonds. States with poorly managed finances, such as Illinois, stand to benefit most, but long-term threats loom without structural reforms.

TAGS: bonds, borrowing, coronavirus, COVID-19, credit rating, Federal Reserve, rainy day fund

Illinois’ rainy-day fund can operate state for about 15 minutes

By Brad Weisenstein
03/16/2020
With economic challenges driven by the coronavirus ahead, Illinois finds itself missing an important financial tool.

TAGS: government services, JB Pritzker, rainy day fund, revenue, small business, social services

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Pensions / Research Report

Fixing Illinois pension crisis by amending nation’s most-restrictive pension law is legal, effective


Illinois is home to one of the worst pension crises in the country.1 At 39% funded, according to the nonpartisan Pew Charitable Trusts, Illinois has the worst pension funding ratio of any state.2 By contrast, neighboring Wisconsin’s pension system is 103% funded.3 In fiscal year 2022, Illinois’ total gen­eral funds pension costs, includ­ing pension bond...

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Report Archive

Jobs + Growth / Your Story

Cathy Stuehmeier

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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