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Illinois Budget

WATCH LIVE: Quinn Delivers State Budget Address

The Huffington Post | Posted 05.25.2011 | Chicago

Gov. Pat Quinn delivers his first budget address in Springfield. Click below to watch live: Live Video: Quinn Gives Budget Address (11:45 a.m.) T...

Illinois Budget Deficit Tops $11.5 Billion

Associated Press | Posted 05.25.2011 | Chicago

Aides to Gov. Pat Quinn say the Illinois budget deficit is even worse than previously thought. Instead of $9 billion, they now estimate the gap at $1...

Quinn: Reduce Pension Benefits Of New State Employees

Associated Press | Posted 05.25.2011 | Chicago

Gov. Pat Quinn says Illinois should offer new state employees fewer pension benefits to save money. Quinn told reporters in Springfield on Tuesday th...

Even With Severe Budget Gap Voters Oppose Tax Hikes, Politicians Behind Them: Poll

Daily Herald | Dan Carden | Posted 05.25.2011 | Chicago

SPRINGFIELD - Illinois voters largely oppose raising taxes to balance the state's budget or improve roads and say they will vote out lawmakers who sup...

Broke State Unable To Pay Struggling Social Service Agencies

Chicago Defender | Wendell Hutson | Posted 05.25.2011 | Chicago

About 60 vendors attended a town hall meeting Monday on the South Side hosted by Illinois Comptroller Dan Hynes to find out when they can expect payme...

Quinn Wants Stimulus Details Before Crafting Budget

Chicago Tribune | Rick Pearson and Monique Garcia | Posted 05.25.2011 | Chicago

As Gov. Pat Quinn on Sunday conducted the latest in a series of news conferences unveiling pieces of his new administration, concerns mounted over a m...

Blagojevich Arrest Cost Illinois $20 Million In Bond Deal: Treasurer

Crain's Chicago Business | Lorene Yue | Posted 05.25.2011 | Chicago

Gov. Rod Blagojevich's federal corruption charges drove up the state's cost to sell bonds Tuesday by more than $20 million. The $1.4-billion bond sal...

Blagojevich Scandal Delays State Debt Offering

Crain's Chicago Business | Paul Merrion | Posted 05.25.2011 | Chicago

The corruption scandal surrounding Gov. Rod Blagojevich is already affecting the state's precarious finances. Illinois has postponed a $1.4-billion s...

Illinois To Borrow $1.4 Billion To Pay Bills

Daily Herald | John Patterson and Joseph Ryan | Posted 05.25.2011 | Chicago

Illinois will borrow $1.4 billion to make payments to schools, health care providers and others who've been waiting months to be reimbursed by the sta...

State Has $831 Million In Capital Projects Ready

Progress Illinois | Angela Caputo | Posted 05.25.2011 | Chicago

At Barack Obama's press conference last Tuesday, ABC 7's Andy Shaw told him that across the country "mayors and county board presidents and governors ...

Illinois Budget Questions Answered

Associated Press | Christopher Wills | Posted 05.25.2011 | Chicago

Illinois government faces a budget crisis. A big one. The deficit is growing, bills are piling up, state services are being cut and officials have no ...

Illinois Pensions Underfunded By Up To $50B: Watchdog

Chicago Public Radio | Adriene Hill | Posted 05.25.2011 | Chicago

Illinois' unfunded pension liability may be as high as 50 Billion dollars. That's according to the head of a local budget watchdog group. The financi...

Budget Crunch Jeopardizing Pioneering AIDS Fund

Chicago Reporter | Kelly Virella and Jeff Kelly Lowenstein | Posted 05.25.2011 | Chicago

HIV and AIDS activists around the state are informally discussing whether to launch a last ditch effort to reinstate millions in the current year's bu...

Illinois' $1B Credit Push: Where The Money Is Going

Progress Illinois | Angela Caputo | Posted 05.25.2011 | Chicago

One month ago, Illinois Treasurer Alexi Giannoulias announced that the state would extend $1 billion in credit to local banks to help spur lending ami...

Senate Democrats Consider Tax Increase

STLtoday.com | Kurt Erickson | Posted 05.25.2011 | Chicago

Democrats who control the Illinois Senate hinted Thursday that some kind of tax increase may be on the horizon. With the state's backlog of unpaid bi...

Senators Getting Back To Work, But Not To Fix Budget

The Southern | Kurt Erickson | Posted 05.25.2011 | Chicago

The state's financial picture is worsening, but don't look for any quick fix from the Illinois Senate. After a busy election season, Illinois lawmake...

Illinois Facing Potential $800 Million Budget Hole

Associated Press | John O'Connor | Posted 05.25.2011 | Chicago

A staggering economy is eating away at state budget revenue, creating what could be a budget hole of $800 million or more, the Blagojevich administrat...

Taxpayers Could Cover Government Pension Shortfall

Daily Herald | James Fuller | Posted 05.25.2011 | Chicago

Illinois taxpayers may soon be called on to bail out what is arguably the best-funded public pension plan in the state thanks to $3.6 billion in fund ...

Financial Crisis Squeezing Civic Budgets

Crain's Chicago Business | Monée Fields-White and Mike Colias | Posted 05.25.2011 | Chicago

Local governments are bracing for deeper budget shortfalls as the financial crisis hammers everything from sales tax revenue to pension funds. The st...

Illinois Can't Pay Mounting Bills

Southtown Star | Doug Finke | Posted 05.25.2011 | Chicago

Illinois finished the first three months of its budget year in some of its worst financial shape ever, with a mountain of unpaid bills and record dela...