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Illinois forward 2024: A sustainable state budget plan

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. ....

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Illinois Forward 2024: A sustainable state budget plan

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 ....

United States , Rita Mayfield , Governor Office Of Management , Census Bureau , Efficient School District Commission , Illinoi Unemployment Trust Fund , Railsplitter Tobacco Settlement Authority Bonds , Illinois Policy Institute Forward , Unemployment Trust Fund , Illinois Policy Institute , Pritzker Administration , Budget Stabilization Fund , Municipal Employees Council , American Rescue Plan Act , Tobacco Settlement Authority Bonds , Budget Stabilization , Illinois Forward , American Federation , Milliman Medical , General Assembly , Senate Bill , Illinois House , Classrooms First Act ,

Illinois can save $577M on pensions by adding a date to a law

Illinois’ pension debt is the highest of any state. An easy fix to state law would start the Tier 3 retirement program, saving $577 million while workers gain options. ....

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