Our company is based in Illinois, a state whose budget woes are getting national attention. Many of our municipal contacts are faced with a disheartening situation: state funds that have been reliable sources of support for many years suddenly are no longer available. Although such funds are never guaranteed, they have in the past been steady enough to build budgets around them. Now those budgets are in jeopardy. As a result, our consultations and strategy sessions often revolve around replacement funding.
It is certainly no secret that many states across the country are struggling financially. Public pension burdens can be staggering, costs of providing education and Medicaid continue to rise, and legislators are scrapping to find solutions. The state of Illinois, home of TheGrantHelpers.com, is a prime example of this phenomenon. Right now, the Illinois State Legislature is considering two areas that specifically affect municipal revenue: