Governance

The NFMA is governed by a Board of Governors pursuant to the NFMA Constitution. The NFMA Constitution provides seats for up to 26 Governors. The Board of Governors comprises elected members of the NFMA, including up to six at-large members. The seven member Executive Committee manages routine operations of the Board and carries out directives of the Board. The Executive Committee consists of the four officers of the Board, the Immediate Past Chair, and two other individuals selected by the Chair. Day-to-day operations are managed by the Executive Director.

The Constitution of the NFMA.

History - Board of Governors

Officers & Staff

2017 Chair - Julie Egan	Executive Director - Lisa Good

2017 Vice Chair - Mary Francoeur	Industry & Media Liaison - Bill Oliver

2017 Treasurer - Scott Andreson	Administrative Manager - Betsy Harkins
2017 Secretary -Nicole Byrd

NFMA Board of Governors - 2017

Name	Seat
Julie Egan*	Chair
Mary Francoeur*	Vice Chair
Scott Andreson*	Treasurer
Nicole Byrd*	Secretary
Lisa Washburn*	Immediate Past Chair
Sandra Brinkert	MAGNY
Mark Capell	CSMA
Kelly Cruse*	At-Large
Ted Damutz	At-Large
Kristen DeJong	CMAS
Renee Dougherty*	CSMA
Kurt Forsgren	BMAF
Michael Ginestro	CSMA
Matt Hilliard	MSMA
Angela Kukoda	SMFS
Amy Laskey	MAGNY
Jon Lynn	MSMA
Chris Mauro	At-Large
Shaun Peters	CMAS
Megan Poplowski	BMAF
Anne Ross	At-Large
Michael Taylor	BMAF
Barbara Vanscoy	SMFS
Stephen Winterstein	PhAMAS
Robin Prunty	Alternate

*Executive Committee Members

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Poll

Enactment of FY18 budget by Illinois legislators may have moved the state off the edge of non-investment grade & closer to structural budgetary alignment, but LT pension & other issues remain. Where is the state headed in the near-to-medium term future?

	Approval of the budget is step toward making meaningful long-term reforms and improving the state's long-term credit profile in line with other states.
	The immediate liquidity crisis is over and while serious issues remain unresolved, the state has the credit fundamentals and economic base to support an investment grade rating for the next two years.
	No real progress was made toward solving the long-term pension issues, and while a downgrade was avoided for now, future stalemates and lack of consensus on difficult choices are pointing to an eventual downgrade to non-investment grade in the next two years.
	The level of political dysfunction and governance issues evidenced over the past few years combined with pension and fixed charges suggest the state is currently non-investment grade.