Reports

Governor Rauner's FY2019 General Fund Budget Proposal Neither Balances Nor Addresses Long-Term Structural Fiscal Issues

Release: May 24, 2018

Fiscal Year (FY) 2019 marks the fourth General Fund Budget proposed by Governor Bruce Rauner. For the first two years of Governor Rauner’s administration, FY2016 and FY2017, the state went without a full General Fund Budget. That gave Illinois the dubious honor of going the longest that any state in the country had ever gone without a budget.  This budget impasse led to an explosion in the state’s deficit under Governor Rauner’s watch. The state’s backlog of bills was $5.97 billion on July 1, 2015, when the impasse began.

Addressing Illinois’ Pension Debt Crisis With Reamortization

Release: May 21, 2018

Illinois' five state pension systems face a debt crisis after years of intentional borrowing from state contributions. The crisis is compounded by a backloaded repayment plan that calls for unrealistic, unsustainable state contributions in future years, putting funding for crucial public services at risk. Because the crisis is about debt, rather than benefits being earned by current and future employees, attempts to solve the problem through benefit cuts have failed.

Cutting Taxes for the Middle Class and Shrinking the Deficit: Moving to a Graduated State Income Tax in Illinois

Release: April 30, 2018

This report makes the case for a graduated rate state income tax in Illinois, and illustrates two possible rate structures that would accomplish each of three major objectives:

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.

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