United States Office of Management and Budget

Illinois Forward 2026: How the state can spend responsibly

By Ravi Mishra, Lauren Zuar
02/12/2025
After years of splurging with revenue boosted by temporary federal aid, future deficits over $5 billion await the Illinois state budget. It’s time Illinois state leaders learn from past mistakes and manage other people’s money responsibly.

Illinois pension crisis would devour ‘millionaire tax’

By Bryce Hill
10/29/2024
Illinois needs to spend $4.9 billion more annually to pay for pensions, but the “millionaire tax” would only raise an estimated $3-$4.3 billion. That’s too little for the pension bills and would leave nothing for property tax relief.