Reports

Three Problems With Gov. Rauner’s FY2019 Pension And Retirement Proposals

Release: February 16, 2018

This week, Gov. Bruce Rauner gave his fiscal year (FY) 2019 budget address, revealing his revenue and expenditure proposals for the upcoming year. The governor’s proposal relies on $1.5 billion in cost reductions to balance the budget, including:

Governor Rauner's FY2019 General Fund Budget Proposal Is a Major Setback For Public Education

Release: February 15, 2018

Governor Bruce Rauner introduced his proposed fiscal year 2019 budget on February 14. But despite promising to help close the shortfall from adequate resources identified by the new Evidence-Based Model for school funding, the governor's budget actually cuts available resources for K-12 classrooms by an inflation-adjusted $547 million. This cut frustrates the core purpose of the Evidence-Based Model, which he signed into law just last year: To increase the resources available to Illinois public schools to the levels that evidence shows they need in order to succeed.

Cook County's Budget: Long-Term Imbalance Leads to New Pain for Vulnerable Residents

Release: November 14, 2017

On October 11, 2017, the Cook County Board of Commissioners voted to repeal a penny-per-ounce tax on sweetened beverages. The FY2018 budget presented by Cook County Board President Toni Preckwinkle had relied on the sweetened beverage tax to cover just over $200 million of the county's projected expenditures on services.

Pension Changes in the FY2018 Budget: Short-Term Savings and Long-Term Costs

Release: October 10, 2017

The changes made to Illinois public pension systems in Public Act (PA) 100-0023 (introduced as Senate Bill 42), the Budget Implementation Act, or BIMP, passed on July 6, 2017, and include two primary elements. First, the BIMP creates a new Tier 3 level of benefits for public sector workers. Second, the BIMP permits the state to smooth out the fiscal impact of the actuarial reduction in the assumed rate of return generated by the state’s five pension systems.

ANALYSIS OF SB 1947 (Public Act 100-0465): The Evidence-Based Funding for Student Success Act

Release: October 10, 2017

On Thursday, August 31, 2017, the people of Illinois woke up in the state that had the worst—as in least equitable—K-12 public education funding formula in the country. That night they went to bed in the state that had the best. This historic transformation happened because that afternoon, Governor Bruce Rauner signed Senate Bill (SB) 1947—which became Public Act (P.A.) 100-0465—into law. This breakthrough legislation incorporates the full “evidence-based model” (EBM) of school funding previously contained in SB 1.

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