City Colleges of Chicago FY2017 Tentative Budget: Analysis and Recommendations

July 05, 2016

The Civic Federation supports the City Colleges of Chicago’s proposed FY2017 operating budget. The $523.7-million budget is a reasonable plan given the unprecedented uncertainty surrounding funding from the State of Illinois as it enters a second year without enacting a comprehensive balanced state budget.

In FY2017 the District is not planning to increase its property tax levy or tuition rates to make up for a decline in State and local revenues. Instead, City Colleges will again rely on prudent short-term fixes first implemented in FY2016, such as drawing on its cash reserves, delaying capital expenses, not filling vacant positions and a hiring freeze. Although the District has been able to weather financial challenges thus far, the Federation is concerned about the longer-term impact of those actions on the District’s financial position.

The City Colleges fiscal year begins July 1, 2016 and ends June 30, 2017.

Click here to read the press release for this analysis.