Moody’s: Janus win potentially credit positive for Illinois By Adam Schuster 06/27/2018 A landmark case on worker freedom could have positive effects on Illinois’ fiscal health, according to a leading ratings agency. TAGS: AFSCME: American Federation of State County and Municipal Employees, budget, credit rating, Janus v. AFSCME, Moody's Investor Service, pensions
Bad budgeting basics: How Illinois’ budget process hurts taxpayers By Adam Schuster 06/14/2018 It is time to give taxpayers and businesses the certainty they need to plan a long-term future in the state.
Illinois General Assembly passes state budget out of balance by as much as $1.5B By Adam Schuster 05/31/2018 Lawmakers voted to approve the 1,245-page budget less than 24 hours after it was revealed to the public. TAGS: balanced budget requirement, Bruce Rauner, budget, ILGA: Illinois General Assembly, John Cullerton, Mike Madigan
Illinois Senate passes Cullerton budget, out of balance by as much as $1.5B By Adam Schuster 05/30/2018 State senators voted to approve the 1,245-page budget just hours after it was made public. TAGS: budget, COGFA: Commission on Government Forecasting and Accountability, GOMB: Governor's Office of Management and Budget, Governor’s Office of Management and Budget, Illinois Senate, John Cullerton
Civic Federation calls for tax hikes, opposes sensible reform in budget criticism By Adam Schuster 05/17/2018 The Civic Federation’s criticism of Gov. Bruce Rauner’s proposed budget is a mixed bag, with its own proposals for Illinois’ financial crisis – including nearly $3 billion in tax hikes – missing the mark. TAGS: AFSCME: American Federation of State County and Municipal Employees, budget, Civic Federation, health insurance, income tax, Laurence Msall, LGDF: Local Government Distributive Fund, municipal pensions, pensions, progressive income tax, taxes
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
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
Tax Day: Where do Illinoisans’ state tax dollars go? By Adam Schuster 04/17/2018 Pensions and employee health insurance costs consumed nearly a quarter of Illinois’ fiscal year 2018 budget. TAGS: education, Health and Human Services, health insurance, higher education, Medicaid, public safety, taxes
Flying blind: Illinois’ revenue estimates and the basics of bad budgeting By Adam Schuster 04/06/2018 Lawmakers can’t balance the budget if they don’t know how much they have to spend.
Sangamon County homeowners: Where do your property taxes go? By Amy Korte, Joe Tabor 02/20/2018 Sangamon County billed homeowners $215 million in 2017. This meant owners of a $127,000 Springfield home had a $2,600 property tax bill. TAGS: collective bargaining, municipal pensions, pensions, property taxes, Sangamon County