Center For Tax And Budget Accountability

Chicago skyline. (Saul Loeb/AFP/Getty Images)

Budget Watchdog: City’s Junk Bond Status Could Cost Up To $300 Million

Ralph Martire, director of the Center for Tax and Budget Accountability, said the latest downgrade to junk bond status will cost the city an additional $200 million to $300 million, on top of its existing budget deficit and employee pension fund shortfalls.

05/13/2015

Gov. Bruce Rauner presents his budget address to the Illinois General Assembly in Springfield, Illinois, on Feb. 18, 2015. (Credit: CBS)

At Issue: Analyzing Gov. Rauner’s Budget Plan

Watchdog groups from across the political spectrum agree Gov. Brucer Rauner’s new budget proposals grapple with the serious fiscal problems gripping the state, but they differ about whether the plans to cut billions in spending will fly.

02/20/2015

Housing (File photo)

Budget Watchdog: CHA Hoarded Money For Housing Vouchers

A new report has found the Chicago Housing Authority socked away hundreds millions of dollars in reserves, while thousands of people have waited for housing subsidies.

07/30/2014

Illinois State Capitol

Budget Expert: Lawmakers’ Refusal Of Pension Benefits ‘Irrelevant’ To Pension Crisis

Several state lawmakers have opted out of their legislative pensions, while the state continues to struggle with a massive pension debt, but a local budget policy group said the lawmakers’ actions are neither effective, nor relevant.

WBBM Newsradio–02/12/2013

1040 Federal Tax Return (credit: AP)

Is Tax Policy To Blame For Illinois’ Problems?

As people focus on their tax returns this weekend, two politically opposed budget watchdogs are differing strongly about the role taxes are playing in Illinois’ financial problems right now.

WBBM Newsradio–04/13/2012