All state transportation work will be at risk if legislators do not pass a budget in the next few weeks, according to the Illinois Road and Transportation Builders Association’s (IRTBA) latest weekly newsletter.
With Illinois facing an unprecedented third straight year without a full budget, Gov. Bruce Rauner called lawmakers back to Springfield on Thursday to hammer out a deal before fiscal year 2018 begins in July.
Reforming the Illinois Constitution and making sure the right people are in power to put the state on a fiscally responsible path is the way to securing a bright future, according to Jacob Huebert, a senior attorney at the Liberty Justice Center.
Illinois isn't just in debt for billions of dollars; it's throwing away the money it does have on pointless businesses that won't change anything, a Chicago attorney argued recently on his firm's website.
Democratic legislators were not acting for the good of Illinois when they orchestrated the most recent failure to reach a balanced budget, Rep. Jeanne Ives (R-Wheaton) said on a Chicago radio show recently.
Illinois’ average personal income growth since the Great Recession is tied with Nevada for the worst in the country, according to data from Pew Charitable Trusts published on the Illinois Policy Institute website recently.
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.
Illinois' tattoo and body piercing industries would feel the sting of an expanded state sales tax under a controversial Senate budget proposal that remains under consideration in the current special legislative session.