Comparing Chicago’s budget size to other U.S. cities

Overview Mayor Lori Lightfoot recently unveiled her $16.7 billion budget proposal to the City Council for FY 2022. Having the third largest population in the Union (2.7 million), the city of Chicago’s budget is also one of the largest among U.S. municipalities. This piece will compare the size of Chicago’s General Fund budget to theContinue reading “Comparing Chicago’s budget size to other U.S. cities”

The tax funding of Illinois college football programs

Introduction Big-time college football is big-time business. And with big-time business comes big-time money. The United States is undoubtedly an (American) football nation. When the leaves start to fall, we go giddy for the gridiron. While Chicago may be regarded as a pro-football town, college football is no exception. What is sometimes forgotten is thatContinue reading “The tax funding of Illinois college football programs”

Over $16 billion in infrastructure help coming for Illinois

Congress has passed President Biden’s landmark $1 trillion infrastructure bill which will provide aid to states to help build bridges, maintain roads, construct broadband access, and much more. While it is still to be determined how much money Illinois will be exactly receiving, Senators Durbin and Duckworth have noted the following: It should also beContinue reading “Over $16 billion in infrastructure help coming for Illinois”

Eek! Gas prices

One national issue that normally hits home locally is gas prices. We feel the effect of these prices daily: commuting to work, traveling out of state, and driving to the grocery store and restaurants. These high gas prices cut into what goods and services we would otherwise spend money on. Economics aside, it goes withoutContinue reading “Eek! Gas prices”

Two credit rating agencies increase state’s bond rating. Third awaits

The following is a continuation of the piece The State’s Bond Ratings Over the Years. Read about it here. Prairie State Policy previously published a piece illustrating the state’s bond rating over the years. Good news was delivered the last few weeks as two of the major three credit rating agencies have upgraded the state ofContinue reading “Two credit rating agencies increase state’s bond rating. Third awaits”

Illinois’ Improved Fiscal Outlook (Through Charts)

This past legislative session was regarded as a major improvement to the fiscal condition of the State of Illinois. Many media organizations reported that with the help of the much needed American Rescue Plan (ARP) funds, as well as enhanced economic activity from the pandemic’s end in sight, Illinois (oddly) seems to (finally) be onContinue reading “Illinois’ Improved Fiscal Outlook (Through Charts)”

Plan established to help replace lead pipes

This is a follow-up to a post titled, “Municipalities will need to (eventually) invest in aging water lines.” You can read about it here. The Spring 2021 legislative session is rounding up and lawmakers have addressed the state’s lead pipe issue by passing legislation requiring water utilities to replace lead service lines while also creating aContinue reading “Plan established to help replace lead pipes”

U.S. Treasury’s COVID debt rule is a bleak situation for Illinois

The following is an update from the piece How Federal Stimulus Money will be Allocated in Illinois, which was published March 15 and another piece published on April 17. A major wrench was thrown at the state earlier this month when the federal government announced that American Rescue Plan (ARP) money cannot be used to pay offContinue reading “U.S. Treasury’s COVID debt rule is a bleak situation for Illinois”

A 10 Percent Reduction in Local Aid Would Be a Hit for Municipalities, But Problems Run Deeper

By: Christopher Ryan Crisanti The final two months of the General Assembly spring session normally shifts public conversation towards the upcoming fiscal year budget, with lawmakers needing to pass a budget based on the governor’s proposals. While economic activity seems to be picking up due to the COVID pandemic end in sight, state revenues haveContinue reading “A 10 Percent Reduction in Local Aid Would Be a Hit for Municipalities, But Problems Run Deeper”

How Federal Stimulus Revenue will be allocated in Illinois [update]

The following is an update from the piece How Federal Stimulus Money will be Allocated in Illinois, which was published March 15. State leaders recently convened on how to allocate the $7.5 billion the state will receive under President Biden’s stimulus plan. According to Gov. Pritzker, Senate President Don Harmon, and Speaker Chris Welch, the stateContinue reading “How Federal Stimulus Revenue will be allocated in Illinois [update]”