Impact on Illinois' Structural Deficit
Release: October 21, 2019
The state of Illinois faces a significant structural deficit into the future. The report highlights the nature of the structural deficit and identifies two key causes: the state’s historically flawed tax policy and the plan devised for repayment of Illinois’ pension debt. CTBA proposes both the adoption of the Fair Tax and a reamortization of the pension debt as described in the report titled: Addressing Illinois’ Pension Debt Crisis With Reamortization. Doing so would allow the State to ensure full funding for the Evidence Based Funding Formula while also improving the status of Illinois’ public employee pension system and eliminating the State’s structural deficit by 2042.
How Revenue and Spending Impact the Illinois General Fund
Release: May 6, 2015
PowerPoint presented by Ralph Martire at the Senate Revenue Hearing.
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.
Illinois FY2013 General Fund Enacted Budget Analysis
Release: August 2, 2012
This Report provides an analysis of the enacted FY2013 General Fund budget.
Analysis of the FY2013 Proposed Illinois FY2013 General Fund Budget
Release: April 8, 2012
This Report provides an analysis of the FY2013 General Fund budget proposed by Governor Pat Quinn on February 22, 2012.