Government Budgets

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Looking Back at Illinois’ Five-Year Fiscal Report Budget Projections Ahead of the Release of the Governor’s Recommended FY2025 Budget

On November 15, 2023, the Governor’s Office of Management and Budget (GOMB) released the …

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How Much Does the Chicago Police Department Actually Spend Each Year?

As part of the total City of Chicago budget adopted for the 2024 fiscal year that began on January 1, the City Council approved a nearly $2.0 billion budget for the Chicago Police Department (CPD). The Police Department budget represents…

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Cook County Forest Preserve District 2024 Budget Benefits from Influx of Property Tax Revenue from 2022 Referendum

The Forest Preserve District of Cook County adopted its FY2024 budget on November 14 for the fiscal year beginning January 1. This is the second annual budget that is supported by a…

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Chicago Transit Authority Approves $2.0 Billion Budget, Faces 2026 Fiscal Cliff

This blog post presents an overview of the Chicago Transit Authority (CTA) FY2024 operating budget. The CTA’s fiscal year is January 1…

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National Report Presents Tools for Sustainable State Budgeting

Federal pandemic assistance provided to states through the Coronavirus Aid, Relief and Economic Security (CARES) Act and American Rescue Plan Act (ARPA) contributed to budget surpluses for many states, which were used for a mix of one-time…

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Cook County Board of Commissioners Approve FY2024 Budget

The Cook County Board of Commissioners approved the final FY2024 Cook County budget on Thursday, Nov. 16 for the fiscal year beginning on December 1. The most significant change from the proposed version of the budget was the addition of a…

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Chicago Public Schools Financial Update Highlights Upcoming Budget Shortfall of $391 Million

At the Chicago Public Schools (CPS) Board of Education’s monthly board meeting in October, the CPS Office of Finance updated the Board on the District’s current financial status and the FY2025 budget forecast. The District is expecting to…

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Civic Federation Supports Proposed Cook County FY2024 Budget

Click here to read the full report.Click here to view the landing page for this analysis.CHICAGO…

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Cook County FY2024 Proposed Budget: Analysis and Recommendations

Click here to read the full report.Click…

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Civic Federation Releases Analysis of City of Chicago FY2024 Proposed Budget

Civic Federation Acting President Sarah Wetmore testifies to City Council during a budget hearing on Wednesday, Nov. 1. The Civic Federation on Wednesday released its latest report,