Tax and Budget

Analysis of Proposed FY2014 Chicago Public Schools Budget

Release: August 27, 2013

Despite an increase in spending, Chicago Public Schools is proposing to eliminate 1,520 instruction positions and draw down reserves to dangerous levels in its FY2014 proposed budget. This is, partly, because CPS has underfunded the Chicago Teachers' Pension Fund and there has been a decline in state funding to CPS. CTBA's Analysis of the FY2014 Chicago Public Schools Budget Proposal illustrates the challenges CPS faces today.

CTBA's Testimony and Presentation to the Pension Conference Committee

Release: July 3, 2013

CTBA's 2013 testimony and presentation to the Pension Conference Committee.

The Impact of Coal on the Illinois State Budget, FY2011

Release: June 27, 2013

This Report analyzes the fiscal impact of the coal industry on the Illinois state budget for Fiscal Year 2011 and finds that the overall impact amounted to a net cost for Illinois and its taxpayers.

Special Report: Flawed Tax Policy is the Primary Driver of Illinois' Recurring General Fund Deficits

Release: June 3, 2013

The Taxpayer Accountability and Budget Stabilization Act of 2011 temporarily increased the personal and corporate income tax rates, providing the state with much needed revenue. This Special Report examines the impact of those tax increases on the state's General Fund budget deficits for fiscal years 2011-2013.

The Illinois State Budget and Tax Primer

Release: March 1, 2013

With over 70 tables and charts, the Illinois State Budget and Tax Primer details the technical elements of the budget process, revenue system and challenges the state faces in clear terms.  

Pages