Chicago Public Schools

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Chicago Public Schools Begins Livestreaming and Changes Format of Board of Education Meetings

The newly appointed Chicago Public Schools Board of Education has made several…

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How the City of Chicago Uses Tax Increment Financing Surplus

The following blog post discusses how the City of Chicago has used surplus revenue in its tax increment financing (TIF) districts since 2013.…

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Livestreaming Chicago School Board Meetings Should Be a Priority for the Incoming Mayoral Administration

Last week, the Civic Federation wrote about the Chicago City Council’s recent approval of a…

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Chicago Teachers’ Pension Fund Provides Fiscal Year 2018 Results

In a series of…

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Civic Federation 2019 Legislative Priorities

2019 Civic Federation Legislative Priorities The Civic Federation's legislative priorities for 2019 …

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Chicago Public Schools FY2019 Proposed Budget: Analysis and Recommendations

Click here to read the full report. The Civic Federation supports Chicago Public Schools’ proposed FY2019 budget of $7.6 billion…

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Update on the Chicago Public Schools’ Fiscal Year 2018 Finances

*Note: This blog post was updated on April 13, 2018 with more recent information on the Chicago Public Schools’ short-term borrowing and cash flow position. Chicago Public Schools (CPS) is heading into the next annual budget cycle for…

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Illinois State Actuary Releases First Report on the Chicago Teachers’ Pension Fund

Public Act 100-0465, which overhauled the State of Illinois’ school funding formula and made

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School Districts and Property Taxes in Illinois

Illinois has by far the greatest number of local governments in the nation at 6,963, according to the U.S. Census Bureau’s 2012 Census of Governments. The vast number of local governments in Illinois is often cited as a driving factor for…

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What the New Illinois School Funding Formula Means for Chicago Public Schools

After several iterations and much disagreement, the State of Illinois now has a new statewide school funding formula. The Illinois General Assembly approved the new formula as Senate Bill 1947, House Floor Amendment 5 on August 29, with…