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 The Budget/Fiscal News section provides access to all State of Illinois press releases that have been published about the State Budget and Fiscal Management, as well as information about proposed funding and fiscal responsibility.
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08/16/12 - Governor Pat Quinn Statement on Republican Day at the Illinois State Fair
Urges Republican Leaders and Legislators to Rise to Occasion, Vote for Nekritz Proposal to Eliminate Unfunded Liability
CHICAGO – August 16, 2012. Governor Pat Quinn issued the following statement on Republican Day at the Illinois State Fair.
08/13/12 - Quinn Administration Releases Study Showing Impact of Pension Inaction on Higher Education
Governor Meets with Business Leaders to Discuss Impact of Pension Inaction on Universities, Community Colleges and MAP Grants
CHICAGO - August 13, 2012. In a meeting today with the Executives’ Club of Chicago, Governor Pat Quinn shared new data showing that higher education in Illinois is likely to receive more significant funding reductions in the coming years if comprehensive pension reform is not enacted. According to an analysis conducted by the Governor’s Office of Management and Budget (OMB), approximately 26,000 students may not have the needed resources to go to college in five years due to projected reductions to MAP grant funding.
08/05/12 - Quinn Administration Releases Study: Without Pension Reform, Illinois Will Spend More on Pensions than Education by 2016
Property Taxpayers Far More Protected With Comprehensive Pension Reform That Includes Responsibility for School Districts Than Without
CHICAGO – August 5, 2012. Governor Quinn released data today prepared by the Illinois Office of Management & Budget (OMB) that shows without comprehensive pension reform, Illinois will spend more on pensions than education by Fiscal Year 2016. The budget office performed the district-by-district analysis based on current projections to examine the long-term funding challenges of the state if comprehensive pension reform is not enacted. The analysis was released just days after Governor Quinn called a special session dedicated to pension reform on August 17.
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