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Illinois Budget

Quinn Wants Stimulus Details Before Crafting Budget

Chicago Tribune | Rick Pearson and Monique Garcia | Posted 03.12.2009 | Chicago

Read More: Illinois Budget Deficit, Pat Quinn, Illinois Budget, Pat Quinn Budget, Stimulus Package, Illinois Stimulus Funds, Chicago News

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...

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Quinn Not Ruling Out Tax Increase To Plug Massive Budget Hole

AP | Posted 03.08.2009 | Chicago

Read More: Illinois Budget, Pat Quinn Tax Increase, Illinois Budget Deficit, Pat Quinn State Budget, Dan Hynes, Pat Quinn, Illinois Budget Fixes, Chicago News

CHICAGO - New Illinois Gov. Pat Quinn says it will take "sacrifice" to fix a state budget deficit that could be as high as $9 billion. Quinn isn't sa...

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Thanks, Blago: Illinois Budget Deficit Nearly $9 Billion

AP | Posted 03.07.2009 | Chicago

Read More: Illinois Budget Crisis, Illinois Budget Deficit, Dan Hynes, Illinois Budget, Illinois Stimulus Funds, Chicago News

SPRINGFIELD, Ill. (AP) - Illinois state government faces an even bigger budget crisis than anyone realized. The combined budget deficit for this year...

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Blagojevich Corruption Scandal Paralyzes Illinois Government

AP | CHRISTOPHER WILLS | Posted 01.27.2009 | Chicago

Read More: Springfield Gridlock, Blagojevich Corruption, Illinois Budget, Rod Blagojevich, Illinois Government, Blagojevich Scandal, Illinois Deficit, Illinois Bond Rating, Illinois Corruption, Blagojevich Taint, Chicago News

SPRINGFIELD, Ill. — Embattled Illinois Gov. Rod Blagojevich has made a point of regularly going to work at his office in Chicago. He has signed ...

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

Crain's Chicago Business | Lorene Yue | Posted 01.16.2009 | Chicago

Read More: Illinois Bonds Sale, Blagojevich Bonds, Blagojevich Corruption, Illinois Budget, Rod Blagojevich, Alexi Giannoulias, Blagojevich Bond Deal, Blagojevich Charges, Blagojevich Scandal, Illinois Debt Rating, Illinois Bond Rating, Blagojevich Arrest, Illinois Credit Rating, Chicago News

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...

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Illinois Can't Afford Special Election: State Officials

AP | CARYN ROUSSEAU | Posted 01.15.2009 | Chicago

Read More: Obama Senate Seat, Obama's Replacement, Illinois Special Election, Barack Obama Senate Seat, Illinois Budget, Rod Blagojevich, Illinois Election, Illinois Special Election Costs, Illinois Finances, Chicago News

CHICAGO — Election officials statewide say they don't have the money to pay for a special election that could be held to fill President-elect Ba...

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Blagojevich Scandal Delays State Debt Offering

Crain's Chicago Business | Paul Merrion | Posted 01.11.2009 | Chicago

Read More: Illinois Budget, Illinois Budget Deficit, Dan Hynes, Rod Blagojevich, Illinois Debt, Blagojevich Indictment, Lisa Madigan, Blagojevich Corruption, Illinois Debt Offering, Standard & Poor Illinois, Illinois Bonds, Chicago News

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

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Illinois To Borrow $1.4 Billion To Pay Bills

Daily Herald | John Patterson and Joseph Ryan | Posted 01.08.2009 | Chicago

Read More: Illinois Budget, Illinois Budget Deficit, Illinois Schools, Dan Hynes, Rod Blagojevich, Illinois $1.4B Loan, Illinois Budget Backlog, Alexi Giannoulias, Illinois Debt, Illinois Health Care, Illinois Loan, Chicago News

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...

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State Has $831 Million In Capital Projects Ready

Progress Illinois | Angela Caputo | Posted 01.01.2009 | Chicago

Read More: Illinois Budget Deficit, Illinois Capital Project Funds, Illinois Capital Project Money, Illinois Budget, Andy Shaw, Illinois Capital Projects, Illinois Capital, National Governors' Association, Mike Royko, Illinois Infrastructure, Chicago News

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 ...

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Universities Asked To Cut Budgets

AP | Posted 01.01.2009 | Chicago

Read More: University of Illinois, Illinois Budget, Illinois University Budget Cuts, Illinois Budget Deficit, Budget Cuts Illinois Universities, Tom Hardy, Rod Blagojevich, Economic Crisis, Joe White, U of I Budget Cuts, Chicago News

The Blagojevich administration is asking Illinois' universities to place 2.5 percent of their budgets in reserves. The cuts mean four-year universitie...

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Illinois Budget Questions Answered

Associated Press | Christopher Wills | Posted 01.01.2009 | Chicago

Read More: Illinois Budget Deficit, Illinois Budget Cuts, Blagojevich Budget, Rod Blagojevich, Illinois Budget, Economy, Illinois Budget Woes, Illinois Finances, Blagojevich Budget Cuts, Chicago News

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...

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Illinois Pensions Underfunded By Up To $50B: Watchdog

Chicago Public Radio | Adriene Hill | Posted 12.25.2008 | Chicago

Read More: Illinois Budget, Illinois Pensions Underfunded, Illinois Pension Funding, Illinois Budget Deficit, Lawrence Msall, Illinois Pensions, Chicago News

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...

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Budget Crunch Jeopardizing Pioneering AIDS Fund

Chicago Reporter | Kelly Virella and Jeff Kelly Lowenstein | Posted 12.20.2008 | Chicago

Read More: HIV/AIDS, Donne Trotter, African-American HIV/AIDS Response Fund, Illinois Budget, Illinois AIDS Fund, Health, AIDS Foundation of Chicago, Illinois Budget Crunch, Chicago News

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 b...

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

Progress Illinois | Angela Caputo | Posted 12.18.2008 | Chicago

Read More: Alexi Giannoulias, Illinois Treasurer's Office, Illinois Deficit, Illinois Credit Crunch, Illinois Backlog, Illinois Bill Backlog, Illinois Budget Problems, Illinois Budget, Chicago News

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...

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Senate Democrats Consider Tax Increase

STLtoday.com | Kurt Erickson | Posted 12.15.2008 | Chicago

Read More: Illinois Budget, Illinois Senate, Donne Trotter, Dan Hynes, Rod Blagojevich, James Clayborne, Illinois State Senate, Illinois Tax Increase, Illinois Taxes, Illinois Budget Problems, Illinois Senate Democrats, Chicago News

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...

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State Facing $4 Billion Bill Backlog: Comptroller

AP | Posted 12.14.2008 | Chicago

Read More: Illinois Budget, Illinois State Comptroller, Dan Hynes, Illinois Backlog, Illinois Bill Backlog, Illinois Budget Problems, Chicago News

The state of Illinois' backlog of unpaid bills has climbed to nearly $4 billion - the largest total in state history. Comptroller Daniel Hynes warned...

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Senators Getting Back To Work, But Not To Fix Budget

The Southern | Kurt Erickson | Posted 12.12.2008 | Chicago

Read More: Illinois Budget, Illinois Senate, Illinois Budget Deficit, Springfield Gridlock, Rod Blagojevich, Illinois Economy, Chicago News

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...

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Illinois Facing Potential $800 Million Budget Hole

Associated Press | John O'Connor | Posted 12.11.2008 | Chicago

Read More: Illinois Budget Deficit, Blagojevich Budget, Illinois Budget, Rod Blagojevich, Economy, Illinois Finances, Illinois Revenue, Illinois Budget Prediction, Chicago News

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...

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Taxpayers Could Cover Government Pension Shortfall

Daily Herald | James Fuller | Posted 11.29.2008 | Chicago

Read More: Illinois Budget, Illinois Budget Deficit, Illinois Taxes, IMRF, Illinois Municipal Retirement Fund, Louis Kosiba, Chicago News

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 ...

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Financial Crisis Squeezing Civic Budgets

Crain's Chicago Business | Monée Fields-White and Mike Colias | Posted 11.13.2008 | Chicago

Read More: Wall Street Crisis, Mayor Daley, Dan Hynes, Recession, Illinois Budget, Illinois Debt, Chicago Budget Deficit, Illinois Budget Crisis, Chicago Bduget Shortfall, Aurora Budget, Evanston Budget, Oak Brook Budget, Chicago Budget, Chicago News

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

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Illinois Can't Pay Mounting Bills

Southtown Star | Doug Finke | Posted 11.06.2008 | Chicago

Read More: Mark Schmidt, Illinois Budget, Illinois Budget Deficit, Dan Hynes, Illinois Economy, Chicago Economy, Chicago News

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...

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