|Governor welcomes Civic Federation budget analysis|
|News Releases - Business, Economy & Finance|
|Written by Abdon Pallasch|
|Tuesday, 14 May 2013 12:29|
Governor Quinn welcomes the Civic Federation’s analysis of our proposed FY14 budget; the group’s endorsements of our major budget policy initiatives; and their exhortation to Illinois’ General Assembly to pass comprehensive pension reform.
The Civic Federation’s report issued Monday begins: “The Civic Federation supports Governor Pat Quinn’s recommended FY2014 budget for the State of Illinois because it balances revenues and expenditures without borrowing and makes progress toward reducing the State’s backlog of bills…
“The Civic Federation agrees with Governor Quinn that comprehensive pension reform must be the General Assembly’s top priority in addressing the State’s financial problems.”
The group notes approvingly that the proposed budget “curbs the budgetary gimmick of deferring annual costs to future fiscal years.”
“The Civic Federation supports the following aspects of the Governor’s FY2014 budget:
* The Governor’s call for comprehensive pension reform as part of the FY2014 budget.
* The transformation of the State’s Medicaid program through moving to managed care and shifting resources from institutional care toward community care;
* The proposal to pay down the State’s accumulated backlog of unpaid bills and Other General Funds liabilities by more than $800 million; and
* The proposal to reduce the State’s transfers for local governments and mass transit and to annually review legislatively required transfers as part of the annual appropriation process.
Read the report at: http://www.civicfed.org/iifs/
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