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The deficit last month was $659.6 billion, the third-largest on record and biggest since last June.
April 12 -
The budget included reduced capital improvement and GO issuance plans over the biennium.
December 23 -
Illinois closed Thursday on its second MLF borrowing as the program nears its expiration date.
December 18 -
Illinois expects to close by the end of the week on a three-year loan through the Federal Reserve at 3.42%, a steep penalty compared to the state's current trading levels.
December 15 -
Stephen DeGroat, Rockland County commissioner of finance, explains how the large suburban municipality north of New York City turned budget deficits into surpluses through deficit financing, staff reductions and closing a county-run hospital. Andrew Coen hosts. (14 minutes)
December 1 -
New revenue from a graduated tax without an accompanying long-term plan to tackle the state's fiscal woes won't solve them, the Civic Committee of the Commercial Club of Chicago warns.
September 30 -
Chicago's chief financial officer said the city must consider all options given the magnitude of the pandemic in the absence of federal relief for lost revenue.
September 22 -
Brown convened the special session for budget talks, but also anticipated talk on policy items, like police reform.
August 6 -
More will be clear once the state gets a full tally of receipts from the July 15 tax deadline, but a rocky road lies ahead in any case.
July 23 -
Gov. Phil Murphy’s $5 billion emergency bond plan to patch revenue gaps caused by the COVID-19 pandemic faces an uncertain future in the state legislature.
May 29