Explore our content

All types | All dates | All authors
Linda Holmes
Quick Hit
by Ashlee Rezin
11:23am
Tue Feb 26

Education, Social Services At Risk Due To Lawmakers' Refusal To Truly Address Illinois Pension Crisis

If Illinois lawmakers do not address the state’s growing pension crisis, essential investments in education, health care, and human services will continue to be cut, according to a recent report (PDF) from the Fiscal Policy Center at Voices For Illinois Children.

“All Illinois residents—including the youngest among us — are paying the price for Illinois’ decades-long failure to make adequate contributions to the state-funded pension plans,” the report, titled “Pension Funding Crisis Worsens” (PDF) reads. “The General Assembly is well aware of the harmful effects of rising pension costs on the rest of the budget. However, progress toward a solution has stalled — making the situation worse.”

Read more »

Quick Hit
by Progress Illinois
2:52pm
Wed Apr 27, 2011

State Sen. Holmes: Fix the State's Outdated Financial Systems Now

To The Editor:

Over the next month, there will be no other issue on the minds of people working at the state capitol than finding ways to help fill the state's budget hole. During times like these, it is essential that every penny of taxpayer money is looked at closely to ensure it is being spent wisely and efficiently. But as an audit recently found out, that's a pretty daunting task when state agencies are using hundreds of different non-interfacing accounting systems to accomplish this goal.

The Auditor General's report found that state agencies were using at least 263 different accounting systems and only 16 percent of those systems are compliant with Generally Accepted Accounting Principles (GAAP). Half of the systems are more than 10 years old and many were installed about a half century ago, and it takes our state more than a year to compile a final spending report.

What does this mean for our state?

Read more »