Illinois’ ongoing budget problem has left the State Board of Elections in a financial hole so deep that agency officials claim they can’t afford the new computers they need to handle the number of candidates filing petitions to run in next year’s elections.
Illinois lawmakers betray their ignorance of the needs and opinions of taxpayers when they pass huge tax increases as a way out of the ongoing budget impasse, a policy expert said on a radio program recently.
Nineteen Illinois communities will receive a total of $7.23 million in funding to improve, rehabilitate and retrofit residential properties, according to the Illinois Department of Commerce & Economic Opportunity (DCEO).
A change in outlook from a major ratings agency is likely to have a big effect on Illinois' public debt. Fitch Ratings announced on June 1 that it is lowering the discount rate for U.S. public pension plan liabilities to 6 percent from 7 percent.