The General Funds include the General Revenue Fund and three education funds and is the state's largest and most important fund group.
The General Funds is a grouping of four funds within the state treasury. The funds included in this grouping are the General Revenue Fund, which acts as the state's largest operating account, and the three school funds: the Education Assistance Fund, the Common School Fund, and the Common School Special Account Fund. Reviewing this figure provides an indication of the state's fiscal health. The figures in the chart below show the gross amount of outstanding expenditures budgeted for these four funds when the fiscal year closed. A negative balance means there were more expenditures reported to the Comptroller than there were revenues to pay them. The General Funds' Budgetary Balance is used by budget officials in some of the ways they define a balanced budget.
When debt is issued by the government, independent credit rating agencies attach a rating to the issue. The ratings attached to all bonds associated with the State of Illinois affect interest payments and the cost to Illinois taxpayers. Individual bond ratings will vary, but the general and special obligation bond ratings are directly related to financial condition of the state government.
This table shows the most recent bond ratings from three credit rating bureaus for the two major State of Illinois bond programs.
Select the Fund and Agency that you are interested in. You will then be prompted for the Organization (division/program) of the Agency you selected. The first screen will display a summary of appropriation or expenditure total amounts for each appropriation depending on the display option chosen. Each line in the summary is also a link to detailed appropriation and expenditure amounts for a given appropriation. If you know the appropriation, you can enter it. Inserting an appropriation will display detailed appropriation and expenditure information for that account.