City of Chicago FY2011 Proposed Budget: Analysis and Recommendations

November 03, 2010

The Civic Federation opposes the proposed FY2011 City of Chicago budget of nearly $6.2 billion because it does not effectively address the structural deficit and relies too heavily on asset lease reserve funds and debt restructuring to close the $654.8 million budget deficit. The proposed budget would defer costs and postpone changes needed to align current year expenditures with recurring revenues.

Click here to read the press release for this analysis.