Civic Federation

Spending Is Up Since Blago Left Town

10/28/2010
by Collin Hitt A new brief by the red-hot Civic Federation looks at the state budget in FY2011: “Total spending and transfers out increased by $543 million, or 1.6%, from $33.0 billion in FY2009 to $33.5 billion in FY2011.” Yes, programmatic spending is down. But pension payments are way up, 67 percent. Government in Illinois isn’t getting smaller yet...

State’s bond rating drives up borrowing costs

08/30/2010
by Heather Wilhelm It sure is getting expensive to be broke these days, and Illinois is learning the hard way, according to the Civic Federation’s latest study.  The Chicago Sun-Times reports: The state’s miserable bond rating has driven up borrowing costs for state government by more than $500 million since last year, a government watchdog...