budgets – Prairie State Policy

The last time the state of Illinois contributed its rainy day fund

Gov. J.B. Pritzker recently made his annual budget address, in which he touted the improved fiscal condition of the state as well as roughly $1 billion in extra revenue. Some of the highlights include providing financial relief to taxpayers by freezing taxes on gasoline and groceries. This is expected to cost the state $135 millionContinue reading “The last time the state of Illinois contributed its rainy day fund”

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”