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

Taxed out: 10 reforms to stop Illinois from losing people and jobs

Illinois’ tax code stands in the way of the state’s economic competitiveness. The combination of high tax burdens and a poor tax structure contributes to the loss of jobs and investment to other states. From a place of former economic dominance, Illinois now ranks 45th in gross state product (GSP) growth over the past decade...

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rainy day fund

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

Federal Reserve throws credit lifeline to near-junk Illinois

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

Taxed out: 10 reforms to stop Illinois from losing people and jobs

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Process for unionizing non-state workers raises red flags

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