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Illinois Gov. J.B. Pritzker pitched a $52.7 billion state spending plan Wednesday with more money to address the migrant crisis, education and quantum computing, while proposing tax increases that ...
$1.8 billion in state tax revenues would reduce the employer burden by estimated $915 million, they say. Illinois lawmakers announce bipartisan plan to pay down remaining unemployment debt Skip to ...
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The Illinois Budget Impasse was a 793-day-long (2 years and 62 days) budget crisis in the state of Illinois. From July 1, 2015, to August 31, 2017, Illinois was without a complete state budget for fiscal years 2016, 2017, and part of 2018. As a result, many state agencies had to cut services or continue borrowing to operate.
A number of states have a two-year or three year budget (e.g.: Kentucky) while others have a one-year budget (e.g.: Massachusetts). In the table, the fiscal years column lists all of the fiscal years the budget covers and the budget and budget per capita columns show the total for all those years.
(The Center Square) – Illinois employers are bracing for minimum-wage hikes, which may lead to more job cuts around the state. Illinois’ minimum wage is rising from $14 per hour to $15 on Jan ...
The Illinois pension crisis refers to the rising gap between the pension benefits owed to eligible state employees and the amount of funding set aside by the state to make these future pension payments. As of 2020, the size of Illinois' pension obligation is $237B, but the state's pension funds have only $96B available for payouts to retirees.
Earlier this month, the Governor’s Office of Management and Budget released a five-year projection that shows the state spending $63 billion by 2030, creating an annual $5 billion deficit. In ...