Structural Deficit | Center for Tax and Budget Accountability

Setting the Record Straight on Illinois’ Fiscal Shortcomings. ... Illinois incurred pension debt—under both Republicans and Democrats-- to mask its fiscal problems, not to pay irresponsibly high benefits; Illinois is not a high spending state, and in fact has cut spending on …

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Illinois State Pension Debt Climbs To $144B

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Dec 16, 2024 · Illinois' unfunded statewide public pension liabilities grew another $1.5 billion in the past year. ... It is approaching the 2020 record debt of $144.4 billion that those federal funds …

illinoispolicy.org

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Budget Pressures Could Impact K-12 Funding - Capitol News Illinois

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Dec 18, 2024 · Illinois faces budget pressures as K-12 funding advocates push for increased education spending amid a $3.2B deficit. ... In the current fiscal year, state spending on public …

capitolnewsillinois.com

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Pritzker’s Budget Office Projects $3.2B Deficit In Early Look At ...

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Nov 15, 2024 · Late payment interest expenditures have dropped from about $980 million at the height of the state’s two-year budget impasse between Republican Gov. Bruce Rauner and …

dailyregister.com

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Amid ‘unprecedented’ Prolonged Revenue Boom, Illinois Finds …

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Jan 31, 2023 · For the fiscal year that ended in June, revenues soared past the state’s initial $42.3 billion approved budget by nearly $8 billion when excluding ARPA fund transfers.. In the …

wgem.com

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UPDATED: Pritzker Outlines $41.6 Billion Budget With Flat State ...

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Feb 18, 2021 · Another $1.2 billion in MLF borrowing from June 2020 is also due to be repaid in the current fiscal year. K-12 education funding from the state will remain flat from a year ago, …

capitolnewsillinois.com

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Illinois Governments Will Likely Issue More Short-Term Debt To …

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May 22, 2020 · The state may only borrow funds in an amount that is up to 15% of fiscal year appropriations to deal with emergencies or failures of revenues. It may only borrow for cash …

civicfed.org