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”
Category Archives: Finance
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]”
How federal stimulus money will be allocated in Illinois
Overview President Biden recently signed into law a $1.9 trillion package to help further stimulate the economy in the wake of COVID. The massive amount of money will be allocated to all 50 states in various ways. This piece analyzes how much Illinois will receive and how that money will be allocated throughout the state.Continue reading “How federal stimulus money will be allocated in Illinois”
The History, Benefits, and Concerns of the Illinois State Lottery
By: Quinn Newman Overview The Illinois Lottery was established in 1974 as a way to help fund Chicago’s K-12 school programs as well as many other causes over the years. The lottery generates about $3 billion per year with the state collecting over $700 million. Originally intended to help fund education, the program has receivedContinue reading “The History, Benefits, and Concerns of the Illinois State Lottery”
What is the Local Government Distribution Fund?
Overview The recent legislation to adopt police reforms (House Bill 3653) concerned many about a penalty if municipalities did not install body cameras for police officers by 2025. If the municipality failed to comply with the requirement, it would have face a 20 percent reduction in state funding from its Local Government Distribution Fund (LGDF)Continue reading “What is the Local Government Distribution Fund?”
Prairie State Policy 