Commission on Government Forecasting and Accountability Profile
Springfield: 703 Stratton
782-5320 -- (217) 782-3513 (Fax)
on Government Forecasting and Accountability (CGFA) was created originally as
the Economic and Fiscal Commission in 1972 by the 77th General Assembly. CGFA
provides the Legislature with research and information regarding state and
national economies, revenue projections and operations of Illinois Government.
In 1979, the Commission was further charged by the 81st General Assembly with
monitoring the long-term debt position of Illinois. The General Assembly later made
the Commission responsible for monitoring the administration of the State
Employee Group Insurance Program.
CGFA is mandated to report to the General Assembly
"on economic trends in relation to long-range planning and budgeting; and
to study and make such recommendations as it deems appropriate on local and
regional economic and fiscal policies and on federal fiscal policy as it may
This mandate results in several reports on various issues being published
throughout the year, including the Revenue Estimate and Economic
Outlook, which describes and projects economic conditions and its
impact on state revenues; the Legislative Capital Plan Analysis,
which examines the State's capital appropriations plan and debt position; the Liabilities
of the State Employees Group Insurance Program, which provides the
General Assembly with an estimate of liabilities of the Group Insurance Program
each fiscal year; and the annual Budget Summary.
of the Pension Laws Commission were absorbed by the Commission on Government
Forecasting and Accountability and the name changed from the Illinois Economic
and Fiscal Commission effective February 1, 2004. These duties include
reviewing the laws and practices relating to public pensions, retirement and
disability benefits for people serving in State or local government and their
survivors and dependents. The Commission evaluates existing laws and
practices and makes recommendations on proposed changes to the Illinois Pension
Code and annually issues a Report on the Financial Condition of Illinois Public Pension
prepares special topic reports on issues that have or could have an impact on
the economic well-being of Illinois.
Additional responsibilities include administration of the State Facility
Closure Act and statutory duties set out in the Debt Responsibility Act.
The Commission also prepares specific revenue, debt impact, and pension notes
on proposed legislation in those areas.
Commission consists of 12 members as mandated by the Legislative Commission
Reorganization Act of 1984. The four legislative leaders each appoint three