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Prior to the COVID-19 pandemic, Illinois’ financial health was the worst in the nation. An unprecedented influx of federal stimulus and bailouts, combined with stronger-than-expected rebounds in tax revenues, saved Illinois from financial ruin. If state lawmakers do not take advantage of this incredibly rare opportunity and pursue structural financial reforms, then state finances will return to their pre-pandemic status quo.
After years of enhanced revenue from federal aid, a return to the basic principles of budgeting can put Illinois on the path to long-term financial stability
School board members in rural Illinois said district consolidation will ease staff shortages made worse by the pandemic. A statewide look at district consolidation could cut administrative overhead and put $732 million more into classrooms.