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State Budget Crisis Task Force Illinois Report

State Budget Crisis Task Force Illinois Report

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Published by Reboot Illinois
Report of the national State Budget Crisis Task Force focusing on the financial condition and budgeting problems of Illinois.
Report of the national State Budget Crisis Task Force focusing on the financial condition and budgeting problems of Illinois.

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Published by: Reboot Illinois on Oct 21, 2013
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05/28/2014

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Report of theState Budget Crisis Task Force
 
ILLINOIS REPORT 
 
 
More information is available atwww.statebudgetcrisis.org
State Budget Crisis Task Force, October 2012This is a report of the State Budget Crisis Task Force prepared in collaboration with Richard Dyeof the Institute of Government and Public Affairs at the University of Illinois. Task Force memberDonald Boyd oversaw the production of this report.
 
 
Table of Contents
A Statement from the Task Force Co-Chairs ........................................................................................ 3Foreword ............................................................................................................................................... 6Summary............................................................................................................................................... 7Introduction .......................................................................................................................................... 9
 
The Fiscal State of the State of Illinois ............................................................................................... 11
Fiscal Year 2011 .................................................................................................................................................... 11Fiscal Year 2012 .................................................................................................................................................... 12Fiscal Year 2013: Encouraging Budget Actions, But Much to be Done ............................................................. 12
Economic Forces Affecting Illinois’ Budget
........................................................................................ 14Politics and the Budget Process in Illinois ......................................................................................... 16
 
The Politics of Spend, but Don’t Tax
..................................................................................................................... 16The Budget Process ............................................................................................................................................... 17
Illinois’ Squishy Balanced
Budget Requirement .................................................................................................. 17The Run-Up to the Current Fiscal Crisis ................................................................................................................ 18Big Strides, But a Long Way to Go ........................................................................................................................ 18
 
Underfunded Retirement Promises Are Crowding Out Other Needs ................................................. 19
The Way Pension Cost Are Reported Can Obscure the Problem ........................................................................ 20Background and History ........................................................................................................................................ 20Recognizing the Problem but Putting Off the Painful Solution for Years ............................................................ 21Changing Pensions in Illinois: Small Strides ........................................................................................................ 21Serious Problems Remain ..................................................................................................................................... 22
 
Medicaid Spending Growth is Crowding Out Other Needs ................................................................. 24
Illinois Medicaid: High Coverage and Costs, Low Expenditures per Enrollee..................................................... 24Budget Presentation Makes Medicaid Hard to See ............................................................................................. 25Big Strides: 2012 Medicaid Changes ................................................................................................................... 26The Affordable Care Act and Future Medicaid Spending in Illinois ..................................................................... 26
Illinois Budget Laws and Practices Hinder Fiscal Stability and Mask Imbalances ............................ 28
Time-Shift Budgeting: Pension Obligation Borrowing and Nonrecurring Resources ......................................... 28Time-Shift Budgeting: Payment Delays ................................................................................................................. 28Fund-Shift Budgeting: Narrow Focus on General Funds Budget Obscures True Picture .................................. 29Fund Sweeps and Related Special Fund Transfers ............................................................................................. 30Threat to Fiscal Stability: Illinois Has No Real Rainy Day Fund ........................................................................... 30

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