This article examines a CPS bond sale that had been previously delayed. President of the Civic Federation, Laurence Msall comments that the 8.5 percent yield is due to a number of factors, one of which is the District’s poor credit…
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The Civic Federation has long supported legislation aimed at improving the efficiency and effectiveness of government operations in Illinois by consolidating or abolishing redundant and/or anachronistic local governments.…
This article reports on a proposal from local lawmakers that would use surplus TIF funds to close a portion of CPS’ budget deficit. Laurence Msall, President of the Civic Federation, commented on the need for a comprehensive plan to…
This article discusses the current $480 million CPS budget shortfall, impacts of the budget gap and proposed short-term solutions. President of the Civic Federation, Laurence Msall, remarked on the necessity of a long-term plan to help…
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This article reports on the signs indicating that the State of Illinois may not have a budget until later this calendar year. Civic Federation President, Laurence Msall, discusses the looming pressures to put an end to the budget impasse.
This article discusses that the city of Harvey, a south suburb of Chicago, is in serious financial trouble with millions of dollars unaccounted for. President of the Civic Federation, Laurence Msall, notes that the lack of records and…
This article discusses an upcoming Chicago City Council vote on $3 billion worth of bond issuances for 2016. Some Aldermen have called for more time in order for the new City Council independent budget expert to review all of the plans.…
