{"id":953,"date":"2019-03-07T11:00:58","date_gmt":"2019-03-07T17:00:58","guid":{"rendered":"https:\/\/illinoistax.org\/?p=953"},"modified":"2023-02-03T13:26:28","modified_gmt":"2023-02-03T19:26:28","slug":"expand-general-funds-designation","status":"publish","type":"post","link":"http:\/\/illinoistax.org\/?p=953","title":{"rendered":"Expand General Funds Designation"},"content":{"rendered":"<p><strong>Policy Statement<\/strong><\/p>\n<p><strong>Expand General Funds Designation<\/strong><\/p>\n<p>The State of Illinois has established more than 600 separate funds to finance government operations.\u00a0 Discussion and analysis of the state\u2019s budget has traditionally been limited to the funds that make up the \u201cGeneral Funds\u201d.\u00a0 In the past most of the state government\u2019s cost of ongoing government programs was reflected in the General Funds, so this focus was appropriate.\u00a0 However, more and more state government program costs are now financed by the other state funds, to the point that today roughly 50% of the State\u2019s revenues and expenses are not included in what is commonly referred to as the \u201cbudget.\u201d<\/p>\n<p>In order to provide more transparency into the cost of state government, the Federation urges the General Assembly to consider consolidating these special funds wherever possible, to designate all state funds that reflect expenditures for the current cost of government programs as part of the \u201cGeneral Fund\u201d, or to expand the focus during the budget process to include all funds.<\/p>\n<p>February 2023<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/illinoistax.org\/wp-content\/uploads\/2019\/03\/Expand-General-Funds-Designation-3.pdf\">Printer friendly version<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Policy Statement Expand General Funds Designation The State of Illinois has established more than 600 separate funds to finance government operations.\u00a0 Discussion and analysis of the state\u2019s budget has traditionally been limited to the funds that make up the \u201cGeneral Funds\u201d.\u00a0 In the past most&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-953","post","type-post","status-publish","format-standard","hentry","category-position-statements"],"_links":{"self":[{"href":"http:\/\/illinoistax.org\/index.php?rest_route=\/wp\/v2\/posts\/953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/illinoistax.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/illinoistax.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/illinoistax.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/illinoistax.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=953"}],"version-history":[{"count":8,"href":"http:\/\/illinoistax.org\/index.php?rest_route=\/wp\/v2\/posts\/953\/revisions"}],"predecessor-version":[{"id":3623,"href":"http:\/\/illinoistax.org\/index.php?rest_route=\/wp\/v2\/posts\/953\/revisions\/3623"}],"wp:attachment":[{"href":"http:\/\/illinoistax.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/illinoistax.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=953"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/illinoistax.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}