7/25/2019 Public Budgeting Syllabus 2012

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4/2/12 version

Public BudgetingPPHA 36011Thursdays 6:00 – 8:50Syllabus

Instructr Ginger Ostroginger.ostro@gmail.com  (best way to reach me)Cell phone 312!43"4#$ (between % am an& 1" pm' please)

TAob Greenleeobgreenlee@gmail.com

!urse "#er#ie$he best p*blic sector b*&geting is &riven by &ispassionate analysis an& passionatecommitment to goo& p*blic policy. his co*rse see+s to b*il& on st*&ents, analytic s+ills&evelope& in the -*blic -olicy program an& to ignite st*&ents, passions or achievingpolicy goals within b*&get constraints.

e will be han&son' with m*ch o the learning coming rom practical' realworl&e0ercises that &raw on e0amples o what is re*ire& in a b*&get oice an& thatby&esignoc*s on m*ltiple s+ills at once. ach assignment will b*il& on the previo*sassignments so that the st*&ent &evelops a complete' comple0 b*&get *sing his/herown e0pertise an& that o their colleag*es' as wo*l& be &one in the real worl&.

he co*rse will provi&e an intro&*ction to the maor spen&ing areas o state b*&gets'incl*&ing &*cation' e&icai&/5*man 6ervices' -ensions' along with reven*eproecting' &ebt iss*ance' an& b*&get balancing. e will also oc*s on the intersectiono state an& local b*&gets' a&&ing local reven*es to the mi0. e will ollow what ishappening in c*rrent b*&get processes' with a partic*lar emphasis on the 6tate o7llinois.

!urse !%&etencies 8t the concl*sion o the co*rse' st*&ents sho*l& be able to9

1. :escribe how b*&geting impacts the ma+ing an& implementation o p*blic policy.

2. :emonstrate b*&get speciic s+ills' incl*&ing the ability to9

a) 7&entiy an& present relevant inormation on a state b*&get

b) ;eview s*bstantive legislation an& ma+e recommen&ations incorporatingiscal gro*n&s

c) -repare an& analy<e a b*&get or a new program

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&) ;ecommen& to a =Governor> or high level p*blic oicial a comprehensiveb*&get pac+age' incl*&ing reven*e ass*mptions' spen&ing choices in theconte0t o economy' inancial circ*mstances' policy preerences' political&ynamics' etc .

e) -*blicly present an& &een& b*&get analysis an& recommen&ations

3. ?n&erstan& the constraints *n&er which p*blic b*&gets are &evelope& an&implemente& incl*&ing iscal limitations' balance& b*&get re*irements' shorttimerames' an& enormo*s amo*nts o &ata in con*nction with lac+ oinormation

4. ?n&erstan& how p*blic participation' especially the legislat*re' me&ia' an&*nions (b*t also co*rts' a&vocates' others) inl*ences the b*&get

!. ?n&erstan& the maor so*rces o reven*e an& maor spen&ing areas or stategovernments

. ?n&erstan& the role o the inancial mar+ets an& m*nicipal bon&s in p*blicb*&gets

%. ;ea& an& analy<e b*&get materials an& prepare inormation an& presentationsthat balance the technical an& *ser rien&ly' writing an& n*mbers' charts/graphs'&ata' etc.

$. 8naly<e' prioriti<e' an& s*mmari<e large o amo*nts o inormation in a short timeto incorporate into b*&get recommen&ations

#. or+ eectively in gro*ps' relying on colleag*es an& &etermining how to &ealwith real lie intervening in getting a ob &one (*st li+e in the real worl&)

'r%at ( the !lassach class will typically have m*ltiple components9

• -resentation by 7nstr*ctor or Class embers on topic area (see 8ssignments)

• 6pea+er (typically an o*tsi&e spea+er c*rrently wor+ing in the b*&get/policy

arena) to a&&ress the topic.• Class &isc*ssion o topic an&/or rea&ings in relation to spea+erAs presentation

• -ractice or analysis in preparation or assignments.

)rading

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his co*rse is abo*t *estioning' critical thin+ing' rigoro*s analysis an& importantly'learning by &oing. 5ow well yo* &o this in&ivi&*ally an& within teams will &etermineyo*r gra&es.

he points associate& with each assignment relect its comple0ity an& relative

importance. he total is #" points.

6ome assignments are s*bmitte& as gro*p proects an& some are s*bmitte& asin&ivi&*al assignmentsB the speciics are on the assignment list.

• or gro*p proects' yo* will s*bmit one &eliverable per team.

• or in&ivi&*al assignments' yo* will s*bmit one &eliverable per person.

• Do* may wor+ together on in&ivi&*al assignments' &isc*ssing an& &ebatingiss*es' reviewing ormat an& content' etc.' b*t the inal pro&*ct m*st be yo*rsan& yo* sho*l& be prepare& to e0plain an&/or &een& the choices yo* ma&e an&the &oc*ment yo* present.

6peciic gra&ing g*i&elines are incl*&e& in the 8ssigments :oc*ment.

*eadingshe rea&ings i&entiie& in the syllab*s are the most c*rrent' b*t as we will be ollowingthe b*&get process as it *nol&s &*ring the spring' new &oc*ments may becomerelevant' which 7 will a&&.

Do* sho*l& be able to access all rea&ings on the co*rse Chal+ site'http9//chal+.*chicago.e&* an& lin+s rom this syllab*s.

"&tinal Surces-rior st*&ents have enco*rage& me to in& te0ts that wo*l& help with some o the basictopics covere& in the co*rse. hile there isn,t one boo+ that covers everything' below'7,ve liste& some o the boo+s that 7 have o*n& help*l9

;. ar+ *sell' ?n&erstan&ing Government *&gets9 8 -ractical G*i&e' ;o*tle&ge'2""#.

Chen' orsythe' ie+art' illiams' *&get ools9 inancial etho&s in the -*blic6ector' CE -ress' 2""#.

6ec*rities 7n&*stries an& inancial ar+ets 8ssociation (678)' he *n&amentals o*nicipal on&s' th  &ition' iley inance' 2"11.

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!urse "utline

!lass 1: +arch ,-. ,01, Intrductin. !urse "#er#ie$. Public Sectr Budget Ter%s/Structure

Objectives:

• 7ntro&*ction to class

•  8pproach an& organi<ation

• 7ntro&*ction to p*blic sector b*&gets9 terms an& str*ct*res

• ?n&erstan& b*&get plans

• 7&entiy maor similarities an& &ierences in state b*&gets

• :etermine policy area teams

7F Governor -at E*inn,s D 13 *&get 8&&resshttp9//www.illinois.gov/-ress;eleases/6how-ress;elease.cm6*bect7:H2I;ecJ*mH1""3

7llinois 6tate *&get iscal Dear 2"13' Governor -at E*innhttp9//www2.illinois.gov/b*&get/:oc*ments/*&getK2"oo+/DK2"2"13/7llinoisK2"DK2"2"13K2"OperatingK2"*&getK2"oo+.p& ' page 21$

!lass ,: A&ril 5. ,01,

ey Actrs: egislaturePresenting and Analy2ing a e$ Prgra% *e4uest

Assign%ent 1 ue: State &date +e% 7See Assign%ent dcu%ent (r details

Guest Speaker: Illinois State Senator Heather Steans . Chair o the 7llinois6enate 8ppropriations 7 Committee

Objectives:

 

?n&erstan& the legislative role in b*&geting

 

?n&erstan& the legislators, perspective

 

e able to ta+e into acco*nt the legislative perspective when &eveloping

or analy<ing a b*&get 

e able to present a new program re*est

 

e able to analy<e a new program re*est presente& to yo*

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*eadings:iscuss in !lass=E*inn,s b*&get a&&ress lac+s &etails on pensions' e&icai& i0es'> :o*g in+e'6tate Lo*rnal ;egister' ebr*ary 23' 2"12 http9//www.sr.com/top

stories/0!!"4133!/FiveollowGovE*innsb*&geta&&ress

=Governor E*inn on pension mess9 Mverything is on the table',> :ave c+inneyan& 8n&rew aloney' Chicago 6*nimes' ebr*ary 22' 2"12.http9//www.s*ntimes.com/news/metro/1"$"!%%%41$/govpat*innonpensionmesseverythingisonthetable.html

 =E*inn as+s lawma+ers to p*t some s+in in the game on pensions' health carec*ts'> oni*e Garcia' ;ay Fong' an& 8lissa Groeninger' Chicago rib*ne'ebr*ary 22' 2"12' http9//articles.chicagotrib*ne.com/2"12"222/news/ctmetillinoisstateb*&get*inn"2232"12"223N1Nillinoislawma+erspension

systemspat*inn

=E*inn,s prison plan ca*ses stir'> 6teve ills' Chicago rib*ne' ebr*ary 23'2"12' http9//articles.chicagotrib*ne.com/2"12"223/news/ctmetillinoisstateb*&getprisons2"12"223N1Ns*perma0ma0im*msec*rityprisonma0im*msec*rityinmates

=Come o the si&elines'> &itorial' Chicago rib*ne' 8pril 2' 2"12http9//www.chicagotrib*ne.com/news/opinion/e&itorials/cte&itpension2"12"4"2'"'4%"44".story

9uestins t cnsider as yu re#ie$ the &ress cli&s:7 yo* were a legislator' how wo*l& yo* respon& to the speech 5ow &i&legislators respon& :o yo* thin+ the Governor provi&e& eno*gh speciics Orsho*l& he have provi&e& more speciics

Als *e#ie$:*&get ools' Chapter 3 -reparing the *&get9 he Operating 6i&e. (Optional6o*rces' above)

!lass 3: A&ril 1,. ,01,

Budget Big Picture and Budget AnalysisAnaly2ing a Bill

Assign%ent , ue: Prgra% *e4uest 7See Assign%ent dcu%ent (r details

Objectives:

• ;espon& to a b*&get criti*e

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• 5ow to rea& an& review a bill

•  8ssignment o bills or review

• 6etting the conte0t or ne0t wee+

• -resentation o -rogram ;e*est (Optional 8ssignment) 

Readings:

Bacgrund In(r%atin/!nte;t::avi& essel' =hat 6ent 6tates, iscal -ict*re into a ailspin'> all 6treetLo*rnal' Lan*ary 2%' 2"11http9//online.ws.com/article/61"""1424"!2%4$%"4"2"4!%1"!#12$%"3"2#4search.htmlLosh Goo&man' =*&get Gimmic+s 0plaine&9 ive ays 6tates 5i&e :eicits'>6tateline.org' L*ne 23' 2"11.http9//www.stateline.org/live/&etails/storycontent7&H!$31$#

Losh Goo&man' =hy 6tate *&get :eicits :on,t 8lways 8&& ?p'> 6tateline.org' 8pril !' 2"11.http9//www.stateline.org/live/&etails/storycontent7&H!4#

6cott -attison' =?nen&ing to*gh b*&get choices9 what to &o with the Msmallthings,'> Jational 8ssociation o 6tate *&get Oicers blog' ebr*ary 13' 2"12.http9//www.nasbo.org/b*&getblog/*nen&ingto*ghb*&getchoiceswhat&oK2K$"K#CsmallthingsK2K$"K#:

iscuss in !lass:Part 1: Budget Critiue

6tate o 7llinois D 2"13 *&get ;oa&map9 6tate o 7llinois *&get Overview'-roections' an& ;ecommen&ations or the Governor an& the 7llinois General

 8ssembly' Lan*ary 3"' 2"12http9//www.civice&.org/sites/&ea*lt/iles/D2"13K2"7llinoisK2"6tateK2"*&getK2";oa&map.p& 

D 2"13 iscal Overview an& *&get 6*mmary' page 213 to 214'http9//www2.illinois.gov/b*&get/:oc*ments/DK2"2"12/D12NOperatingN*&get.p& 

9uestins t cnsider as yu re#ie$ the ab#e dcu%ents:

6*ppose yo* wor+e& in the b*&get oice or Governor E*inn. he Civice&eration' a wellrespecte& iscal watch&og is e0pecte& OO;;O torelease the report above. hey gave yo* a co*rtesy copy to&ay. Do* nee& tohelp prepare a brieing an& response or the *&get :irector. 5ow &o yo* attac+this proect hat &o yo* loo+ at in the &oc*ment hat is important hatanalysis wo*l& yo* &o hat are a ew +ey points yo* wo*l& ma+e to &een&the Governor,s b*&get

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Part !: Ho" to Read and Revie" a Bill 

=6tate recor&s9 :avis awar&s scholarships o*tsi&e her &istrict'> D 8F:JFO?;D he etter Government 8ssociation ebr*ary 2$' 2"12 129"28http9//www.s*ntimes.com/news/metro/1"$!3!#41$/whosgettingher

legislativescholarships.html

=e&s investigating scholarships awar&e& by ormer ;ep. olaro'> y :8cP7JJD 6pringiel& *rea* Chie &mc+inney@s*ntimes.com' 8*g*st $' 2"11292"8 http9//www.s*ntimes.com/news/politics/#"3%%41$/e&sinvestigatingscholarshipsawar&e&byormerrep.molaro

=7llinois ho*se moves to abolish m*ch ab*se& scholarships again'> :avec+inney an& 8n&rew aloney' Chicago 6*nimes' arch 22' 2"12.http9//www.s*ntimes.com/news/politics/1144!32#41$/illinoisho*semovestoabolishm*chab*se&scholarshipsagain.html

All bills (r the Illinis )eneral Asse%bly are a#ailable at $$$<ilga<g# 

7llinois 8ppropriation bill.http9//www.ilga.gov/legislation/#%/6/-:/"#%""63$4"lv.p& 

7llinois 6*bstantive bill. 6 2#14 8ccess at www.ilga.gov 

9uestins t cnsider as yu re#ie$ the legislatin ab#e:

hat &o the two bills &o 5ow &o yo* +now hat is the same an& what is&ierent between the appropriations bill an& the s*bstantive bill 5ow is theappropriations bill str*ct*re& hat inormation &oes it give yo* abo*t theb*&get or both bills9 what inormation that yo* wo*l& want to +now that is notthere 5ow wo*l& yo* analy<e each bill or someone who hasn,t rea& it hatis the important inormation 7s all the important inormation in the bill itsel5ow &oes the press appear to inl*ence legislation

!lass =: A&ril 1-. ,01,

>;ternal Actrs: Press and nins

Assign%ent 3 ue (r All but Pensin Plicy Tea%: Bill *e#ie$ 7SeeAssign%ent dcu%ent (r details

Pensin Plicy Area Tea% Assign%ent = ue 7See Assign%ent dcu%ent (rdetails

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Guest Speaker: Beck# Carroll$ Chie% Co&&unications O%%icer$ ChicagoPublic Schools'

Objectives:

•

?n&erstan& who might inl*ence b*&get &ecisions an& how• ?n&erstan& role o e&itorial boar&

• rieing on -ensions by -ension eam

Readings:

=:ismantling 7llinois'> Chicago rib*ne' e&itorial' ebr*ary 23' 2"12.http9//articles.chicagotrib*ne.com/2"12"223/news/cte&itstate"2232"12"223N1N*innai&espensionan&me&icai&costspat*inn

=E*inn,s right9 7t,s time to tac+le e&icai&' pensions'> Chicago 6*nimes'

e&itorial' ebr*ary 23' 2"12 http9//www.s*ntimes.com/opinions/1"$"$!#%4%4/e&itorial*innsrightitstimetotac+leme&icai&pensions.html

=7mpossible to avoi& the pain rom iscal mess'> 6tate Lo*rnal;egister' e&itorial'ebr*ary 2' 2"12. http9//www.sr.com/the&omeNe&itorials/01%%1!$""4!/O*rOpinion7mpossibletoavoi&painromiscalmess<cNpH1

=6pringiel&,s sleepwal+ers9 where,s the sense o *rgency> Chicago rib*ne'e&itorial' arch 2$' 2"12.http9//www.chicagotrib*ne.com/news/opinion/e&itorials/cte&itagency2"12"32$'"'#3"3.story

Lames E. ilson' =*ingate an& the e&ia,s ig at ista+e'> Opinion' 6L':ecember $' 2"11.http9//online.ws.com/article/61"""1424"!2#%"2"34133"4!%%"$4114"#%#"24$$.html

9uestins t cnsider as yu re#ie$ the editrials ab#e:;eview the press clips rom Class 2 an& the e&itorials above. 7 yo* were in theb*&get oice an& prepare& the b*&get or Governor E*inn' wo*l& yo* be happywith the coverage the press gave the speech :i& they oc*s on what yo*tho*ght were the most important elements o the speech 7 yo* +new how the

paper was going to respon& to the Governor,s b*&get' wo*l& yo* have change&anything in the b*&get 5ow co*l& yo* best prepare the Governor or whatmight appear in the paper 5ow &o the e&itorials impact what the Governor istrying to accomplish 5ow might they impact the o*tcome o the b*&getprocess

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!lass 5: A&ril ,6. ,01,

Pensins

Assign%ent 3 ue (r Pensin Plicy Tea%: Bill *e#ie$ 7See Assign%entdcu%ent (r details

ebt Plicy Area Tea% Assign%ent = ue 7See Assign%ent dcu%ent (rdetails

Guest Speaker: (ance )eiss$ Senior Actuarial Consultant, Gabriel, Roder,Smith, and Company, formerly Deloitte pension advisor to the Illinois Governor’sOffice of ana!ement and "ud!et 

Objectives:

• ?n&erstan& inancial obligations o pensions

• ?n&erstan& how pension assets an& liabilities are &etermine&' what *n&e&ratios are' an& other +ey inancial aspects

• ?n&erstan& how e0ternal actors impact pension &isc*ssions

• rieing by :ebt eam

*eadings:

'r Bacgrund and !nte;t:-ew Center on the 6tates' he rillion :ollar Gap9 ?n&er*n&e& 6tate;etirement 6ystems an& the ;oa& to ;eorm' ebr*ary' 2"1"http9//&ownloa&s.pewcenteronthestates.org/heNrillionN:ollarNGapNinal.p& 

-ew Center on the 6tates' =he i&ening Gap9 he Great ;ecession,s 7mpact on-ensions an& ;etiree 5ealth Care Costs'> 8pril' 2"11.http9//www.pewcenteronthestates.org/*ploa&e&iles/-ewNpensionsNretireeNbeneits.p& 

Jational 8ssociation o 6tate *&get Oicers' =8 state b*&geting perspective onp*bic pensions'> Lan*ary 2"' 2"12.http9//www.nasbo.org/sites/&ea*lt/iles/8K2"6tateK2"*&getingK2"-erspectiveK2"onK2"-*blicK2"-ensionsN".p& 

 =he ?tah -ension o&el9 he 6tate 8&opts 4"1(+)s or Jew 6tate mployees'>all 6treet Lo*rnal' &itorial' Lan*ary 1#' 2"11http9//online.ws.com/article/61"""1424"!2%4$%"3!$34"4!%"$"2"""13$4%4.html

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0ec*tive 6*mmary' ;ho&e 7slan& ;etirement 6ec*rity 8ct' signe& Jovember1$' 2"11.http9//www.pensionreormri.com/reso*rces/;eportwithG;68ppen&i0.p& 

 8llysia inley' =he :emocrat who too+ on the *nions'> Opinion' all 6treetLo*rnal' arch 24 Q 2!' 2"12.http9//online.ws.com/article/61"""1424"!2#%"2"4134"4!%%2"%43321!3%4".html

.6. rowning' =;etiring oomers in& 4"1(+) -lans all 6hort' all 6treetLo*rnal' ebr*ary' 1# Q 2"' 2"11http9//online.ws.com/article/61"""1424"!2%4$%"3#!#"4!%1!2%#2%4$%"%3!.html

all 6treet Lo*rnal &itorial' =he ?nion Ree ri&ge'> Jovember 3"' 2"11.

http9//online.ws.com/article/61"""1424"!2#%"2"3$"22"4!%%"1$24!"!44.html

;obert ;ee&' =7llinois may be prepare& to act on pension crisis'> opinion' Chicago6*nimes' ebr*ary 3' 2"12.http9//so*thtownstar.s*ntimes.com/opinions/g*estcommentary/1"223#!4%4/ree&isillinoisinallyrea&ytoactonpensioncrisis.html

oni*e Garcia' =lection year or entire Fegislat*re ma+es vast agen&a more&a*nting'> Chicago rib*ne' ebr*ary ' 2"12. http9//articles.chicagotrib*ne.com/2"12"2"/news/ctmetillinoislegislat*resession2"12"2"N1Npensionpaymentp*blicemployeepensionsystemelection=6how&own in otown'> &itorial' all 6treet Lo*rnal' 8pril 2' 2"12http9//online.ws.com/article/61"""1424"!2%"23"3$1!"4!%%312"#4"142%#"1".html

E*estions to consi&er in reviewing the rea&ings9 hat pensions &o states payor hy 5ow &o they impact the b*&get hat has ca*se& the c*rrentpension =crisis> 7s it a crisis hat are potential sol*tions hat are theb*&get conse*ences o the sol*tions &isc*sse& 5ow &o the me&ia an& *nionsimpact the policy an& b*&get &isc*ssions aro*n& pensions 5ow are the politicso pensions manieste&

!lass 6: +ay 3. ,01,

ebt 'inancing

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*e#enue Plicy Area Tea% Assign%ent = ue 7See Assign%ent dcu%ent (rdetails

Guest Speaker: *elanie Shaker$ +reasurer and ,eput# C-O$ Chicago Public Schools

Objectives:

• ?n&erstan& how m*nicipalities/states *se &ebt an& the role o m*nicipalbon&s (shortterm borrowing' capital inancing' p*blic private partnerships'other inancing)

• ?n&erstan& the +ey components o a bon& iss*e9 oicial statement' roles oinancial a&visors' *n&erwriters' bon& co*nsel an& rating agencies' &einitionsan& terms

• ?n&erstan&ing how b*&get &ecisions impact state ratings an& how state

ratings can impact the b*&get• rieing by ;even*e eam

Readings:

Oicial 6tatement' 6tate o 7llinois' General Obligation on&s 6eries o arch2"12' pages 1 Q 4 only (See #uestions belo$ for $hat to focus on in yourreadin!%http9//www.state.il.*s/b*&get/2.K2"archK2"2"12K2"GOK2"S!%!K2"million.p& 

itch ;atings' =?6 6tate Government a06*pporte& ;ating Criteria'6tate o 7llinois General Obligation on&s' :ecember 2$' 2""#.  8vailable onChal+ site in p&.http9//www2.illinois.gov/gov/capitalmar+ets/:oc*ments/;atingK2"8gencyK2";eports/itchK2";atingK2";eleaseK2"1!12.p& 

itch ;atings' =itch 8irms 7llinois on&s at M8,B O*tloo+ 6table.6tan&ar& an& -oor,s' 6*mmary' 7llinois General Obligation' Lan*ary ' 2"12http9//www2.illinois.gov/gov/capitalmar+ets/:oc*ments/;atingK2"8gencyK2";eports/6K2"an&K2"-K2"inalK2"shortK2"ormK2"release.p& 

Pelly Jolan' =*ni ar+et 6o*n&s 8lert9 8labama Co*nty,s an+r*ptcy ilingay 7mperil -ayments to 6ome on& 5ol&ers'> 6L' Jovember 2#' 2"11.http9//online.ws.com/article/61"""1424"!2#%"2"4%!34"4!%%"311234!$!.html

Pelly Jolan' =*ni on&s9 8 :isaster that asn,t'> 6L' :ecember 23' 2"11'http9//online.ws.com/article/61"""1424"!2#%"2"3$2"4!%%114$"3!1!3!"24.html

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all 6treet Lo*rnal &itorial' =he Greece Je0t :oor'> Lan*ary 2"'2"12http9//online.ws.com/article/61"""1424"!2#%"2"4!!!#"4!%%14#442%#%"2!#".html

Pris aher' =-ennsylvania -lan 6ees 8 6limmer Capital City'> 6L' ebr*ary %'2"12.http9//online.ws.com/article/61"""1424"!2#%"2"331!$"4!%%2"%2!"""2"!$34.html

Jational 8ssociation o 6tate *&get Oicers' =*nicipal bon&s in 2"119 8n*p&ate on state an& local borrowing'> Jovember 23' 2"11.http9//www.nasbo.org/sites/&ea*lt/iles/*nicipalK2"on&sK2"K2"8nK2"?p&ateK2"onK2"6tateK2"an&K2"FocalK2"orrowingN".p& 

imothy . artin' ;ee& 8lbergotti' an& atthew *tterman' =6C 0amines

arlins 6ta&i*m :eal'> 6L' :ecember !' 2"11.http9//online.ws.com/article/61"""1424"!2#%"2"4$2%"4!%%"%%23"3423#43.htmlob 6echler' =Colleges 6he&&ing JonCore Operations'> all 6treet Lo*rnal'

 8pril 2' 2"12http9//online.ws.com/article/61"""1424"!2%"23"3$1!"4!%%312"#4"142%#"1".html6teven alanga' =5ow 6toc+ton' Caliornia went bro+e in plain sight'> all 6treetLo*rnal' arch 3"' 2"12.http9//online.ws.com/article/61"""1424"!2%"23"34"4%"4!%%3"#231%4%4#%#".html

9uestins t cnsider as yu re#ie$ the readings:   hy &om*nicipalities/states iss*e &ebt 5ow &oes &ebt relate to the b*&get hat isthe p*rpose o an Oicial 6tatement hat types o inormation is incl*&e& inthe Oicial 6tatement

hat is the p*rpose o getting a =rating> hat is the role o a rating agencyhat inormation &o rating agencies thin+ is important hy 5ow &oes it relateto b*&get &ecisions hat are the implications o a rating on the cost o thebon&s hy is this a concern

5ow can &ebt lea& to inancial tro*ble or m*nicipalities/states

!lass ?: +ay 10. ,01,

*e#enue

+edicaid / Hu%an Ser#ices Plicy Area Tea% Assign%ent = ue 7SeeAssign%ent dcu%ent (r details

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Guest Speaker: Hans .ig&und$ Illinois Governor/s O%%ice o% *anage&entand Budget 

Objectives:

•

?n&erstan& how national an& state economic actors impact reven*es• ;eview selecte& metho&s or estimating reven*es

• :evelop sensitivity to politics o reven*es

• ?n&erstan& ta0 e0pen&it*res (ta0 cre&its)

• stablish reven*e estimate or =6tate> or 8ssignment !' inal -resentation

• rieing by e&icai&/5*man 6ervices eam

Readings6tates, ;even*e stimating9 Crac+s in the Crystal all'> he -ew Center on the6tates an& the he Jelson 8. ;oc+eeller 7nstit*te o Government' arch' 2"11.http9//www.pewcenteronthestates.org/*ploa&e&iles/6tatesN;even*eNstimating

 Ninal.p& 

innesotaAs reven*e orecasting process.6tinson' homas . TGovernment inance ;eviewT' 6tate reven*e orecasting9

 8n instit*tional ramewor+' 6at*r&ay' L*ne 1 2""2http9//www.allb*siness.com/acco*ntingreporting/reven*e/2"#24"1.html

7llinois D 2"13 Operating *&get oo+' Chapter 3' conomic O*tloo+ an&;even*e orecast' pages 31 to 313 (thro*gh sales ta0 section) 9http9//www2.illinois.gov/b*&get/:oc*ments/*&getK2"oo+/DK2"2"13/7llinoisK2"DK2"2"13K2"OperatingK2"*&getK2"oo+.p& 

Fegislative ;eerence ?nit' he 7llinois a0 5an&boo+ or Fegislators' 2% th &ition'arch 2"11' pages !! Q 3 (corporate an& in&ivi&*al income ta0 sections) an&pages 11" Q 12 (sales an& *se ta0 sections).http9//www.ilga.gov/commission/lr*/2"11a05an&boo+.p& 

7llinois 5o*se ;esol*tion %"%9 D 13 ;even*e stimateshttp9//www.ilga.gov/legislation/*llte0t.asp:ocJameHI6ession7&H$4IG8H#%I:ocype7&H5;I:ocJ*mH%"%IG87:H11IFeg7:H322!I6pec6essHI6essionH

7llinois proposal or entry ees at state par+s is seen as a sign o the times'>;obert cCoppin' :awn ;ho&es' an& 8shley ;*e' Chicago rib*ne' arch 2$'2"12. http9//www.chicagotrib*ne.com/news/local/ctmetstatepar+eeplan2"12"32$'"'32%4!12.story

=E*inn wants to eliminate ta0 loophole that helps oil companies'> 8meet 6ach&evan& 8lean&ra Cancino' Chicago rib*ne' ebr*ary 23' 2"12.

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http9//www.chicagotrib*ne.com/news/local/ctmet"223illinoisstateb*&getb*siness2"12"223'"'22##433.story

a*hini ara' =Caliornia &emocrats &*el over ta0es' b*&get'> all 6treet Lo*rnal' 8pril 2' 2"12.

http9//online.ws.com/article/61"""1424"!2%"23"3$12#"4!%%2$#!!1!$$2%$4.html

E*estions to consi&er in reviewing the rea&ings9 hat are the maor economicactors that impact the in&ivi&*al income ta0' corporate income ta0' an& sales ta0in 7llinois 5ow precise can reven*e estimates be i they are base& on economicorecasts hat inl*ences the &ecisions abo*t the reven*e estimates that arepresente& in the b*&get 8re reven*es political

!lass 8: +ay 1?. ,01,

+edicaid/Hu%an Ser#ices: The 'ederal@State !nnectin

>ducatin Plicy Area Tea% Assign%ent = ue 7See Assign%ent dcu%ent (r details

Guest Speaker: *ike *oss$ Illinois Governor/s O%%ice o% *anage&ent andBudget 

Objectives:

• ?n&erstan& state/e&eral *n&ing partnership

• ?n&erstan& what health care is *n&e& thro*gh e&icai&• ?n&erstan& health care press*res

• ?n&erstan& actors that &rive health care an& h*man services costs9caseloa&' eligibility' rate' co*rt or&ers' etc.

• rieing by &*cation eam

Readings:'r Bacgrund@@Sc&e and Issues in Hu%an Ser#ices/+edicaid:7llinois 5*man 6ervices Commission' irst ;eport'http9//www2.illinois.gov/hsc/:oc*ments/56CK2"irstK2";eportK2"3"1".p& Pages 11 0! onl# 

Civic e&eration' 7nstit*te or 7llinois, iscal 6*stainability' =he 7llinois e&icai&-rograms9 8 -olicy rie' = ay 22' 2""#.http9//civice&.org/sites/&ea*lt/iles/civice&N2#!.p& 

Hu%an Ser#ice Agency Budget +aterials and I%&licatins

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7llinois :epartment o 5ealthcare an& amily 6ervices' en* o possible optionsor liability an& spen&ing re&*ctions' ebr*ary 22' 2"12.http9//www2.illinois.gov/hs/agency/:oc*ments/"22212Npresentation.p& 

7llinois :epartment o 5ealthcare an& amily 6ervices' 8ppropriation 6tat*s

;eport' D 2"13http9//www2.illinois.gov/hs/6iteCollection:oc*ments/"21212&atareport.p& 

7llinois :epartment o 5*man 6ervices' D 13 *&get rieing.http9//www.&hs.state.il.*s/page.asp0itemH!#23!

7llinois :epartment on 8ging' D 13 *&get rieinghttp9//www.state.il.*s/aging/1abo*ti&oa/b*&getNy13intro&*ce&.p& 

Clare 8nsberry' =:isable& ace 5ar& Choices as 6tates 6lash e&icai&'> all6treet Lo*rnal' ay 2"' 2"1"http9//online.ws.com/article/61"""1424"!2%4$%"42#2""4!%!23"%34$3#%3#"4.html

9uestins t cnsider as yu re#ie$ the readings 9 :o the :epartment b*&getbrieings tell yo* the important inormation yo* nee& to +now hat &o they tellyo* abo*t the b*&get 8bo*t the programs hat message is conveye& in theirpresentations 7s there important inormation that is not clear' not incl*&e&' orhar& to in& in their presentations hat are the maor spen&ing areas in each o these agencies hat areas were increase& hat areas were re&*ce& hatis the impact on the in&ivi&*als an& amilies that rely on state services 7s therean impact elsewhere in the b*&get

hat role &o the :epartments o 5ealthcare an& amily 6ervices' 8ging' an&5*man 6ervices play in serving people with &isabilities 5ow are these servicesrelate& hat role &oes e&icai& play in s*pporting these services 5ow &o theb*&gets or people with &isabilities interact with one anotherU&o the c*tsreinorce the goals the state is trying to achieve hat is a e&icai& waiverhat is the i&ea behin& oney ollows the -erson

!lass -: +ay ,=. ,01,  The State@cal !nnectin: +unici&al Budgeting.>ducatin

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Guest Speaker: 2le3 Holt$ ,irector$ Cit# o% Chicago O%%ice o% Budget and*anage&ent'

Objectives:

•

?n&erstan& how local b*&gets are &ierent rom state b*&gets• ?n&erstan& e&eral' state' an& local roles in inancing P12 e&*cation

• ?n&erstan& spen&ing components

• ?n&erstan& politics o e&*cation

Readings:

Part 1: Cit# -unding =he Focal Cr*nch9 5ow 6tate,s are -assing iscal -ain onto Cities an& Co*nties'>6tateline.org.http9//cms1.stateline.org/cms/&igital8ssets/412"NFocalCr*nchNall.p& 

City o Chicago *&get 2"12 *&get' pages 1 2!http9//www.cityochicago.org/content/&am/city/&epts/obm/s*ppNino/2"12K2"*&get/2"12*&getOverview;ev11$.p& 

9uestins t cnsider as yu re#ie$ the Part 1 readings: 5ow are the City an&6tate b*&gets similar hat &ierences &o yo* notice 5ow &o the City an& 6tateb*&gets interact hat *n&ing lows rom the state to the City :i& the Governorpropose any changes in his D 13 b*&get that wo*l& impact the City,s reven*eshat reven*es &oes the City rely on that are &ierent rom the reven*es the staterelies on

Part !: 4ducation -unding 7llinois 6tate oar& o &*cation iscal Dear 2"13 -ropose& *&get' arch 2"12'pages 1 21 (0ec*tive 6*mmary)http9//www.isbe.net/b*&get/D13Nb*&getNboo+.p& 

able Comparing 7llinois 6tate oar& o &*cation D 13 -ropose& *&get toGovernor,s -ropose& *&gethttp9//www.isbe.net/b*&get/D13Nb*&getNcompareNgov.p& 

Chicago -*blic 6chools *&get Overview' arch 2$' 2"12

http9//www.cps.e&*/8bo*tNC-6/heNoar&NoN&*cation/:oc*ments/D13N*&get Noar&rie.p& 

oni*e Garcia' =E*inn vows to ight &eep e&*cation c*ts'> Chicago rib*ne' arch31' 2"12. http9//articles.chicagotrib*ne.com/2"12"331/news/ctmet*innb*&get"33"2"12"331N1Ne&*cationc*tsgamblingbillpensionan&me&icai&costs

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9uestins t cnsider as yu re#ie$ the Part , readings:   5ow &oes the stateallocate e&*cation *n&ing hat are the maor programs hat are the maorchallenges acing e&*cation *n&ing rom a state perspective hat *n&ing &oesthe Chicago -*blic 6chool &istrict receive rom the state 5ow &o the &ecisionsma&e by the Governor' 76' an& the Fegislat*re impact C-6 hat are the maor

b*&get press*res acing C-6 8re they a&&resse& by what either 76 or theGovernor propose&

!lass 10: +ay 31. ,01,

'inal Presentatins

Assign%ent 5 ue: 'inal Budget *ec%%endatins and Presentatin 7SeeAssign%ent dcu%ent (r details 

Objectives:

• a+e overall b*&get recommen&ations

• 6*mmari<e inormation in a presentation

• ;eceive ee&bac+ rom wor+

• :isc*ss concl*sions rom Co*rse

• Complete eval*ations on obectives an& spea+ers

17