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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. Note that a fiscal year is named for the calendar year in which it ends, so "2022-23" means two fiscal years: the one ending in calendar year 2022 and the one ending in calendar ...
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.
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 ...
The state of Illinois faces a projected budget deficit of about $3 billion for the coming fiscal year, according to a report from the Governor’s Office of Management and Budget. ...
Late last year, Pritzker’s budget office had predicted a nearly $900 million shortfall, but his budget office said Wednesday that the deficit is smaller than anticipated and outlined new ...
Illinois has the second highest unfunded pension ratio, after New Jersey. Illinois state budget contributions have fallen short of the increases in pension liabilities for 12 of the past 15 years, resulting in a three-fold increase in the funding gap. [2] Illinois' pension obligations are made up of five pension plans for public sector employees.
Five-year forecast from governor’s budget office indicates Illinois still facing structural budget hole Analysis: This year’s Illinois budget surplus could be followed by a deficit Skip to ...
The Reason Foundation showed that Illinois had $247 billion in debt as of fiscal 2022. Illinois was second in the coun ... counties and school districts in the country and all 50 states for fiscal ...