An analysis by the Institute for Illinois’ Fiscal Sustainability at the Civic Federation warned that the state’s fiscal 2014 budget may represent a high-water mark with future years bringing a sharp reduction in revenues and further consequences of the unresolved pension crisis. The MacArthur-supported report states that the legislature’s failure to address these critical issues threatens to erase progress made on the state’s backlog of unpaid bills.

Policy Research, Chicago, Policy, Research, United States