Chicago Public Schools

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Chicago Public Schools Releases Capital Improvement Plan

On May 2, 2012, Chicago Public Schools (CPS) released a capital budget via a new interactive website. The proposed capital improvement plan (CIP) includes a FY2013 capital budget and a five-year…

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GASB 54: New Standards for Fund Balance Reporting

In order to address sometimes inconsistent application of reporting standards for fund balance by governments, the Governmental Accounting Standards Board (GASB) issued GASB Statement…

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Unfunded Public Pension Liabilities per Chicagoan: $14,896

Data from the most recent audited financial statements of Illinois’ state and local government pension funds shows that the total unfunded liabilities for public employee pensions supported by the taxes of Chicago residents reached $14,…

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IIFS Blog Provided Timely Analysis of 2011 State of Illinois Fiscal Developments

In 2011 the IIFS blog provided weekly context, information and perspective on key fiscal issues in the State of Illinois. Posts in 2011 focused on analysis of FY2012 Illinois budget negotiations, analysis of the ongoing Illinois pension…

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Local Government Fiscal Year 2012 Budget Analysis Summary, Part II

Last week marked the end of the budget season for the nine local governments monitored by the Civic Federation. These governments include: the City Colleges of Chicago, Chicago Public Schools, DuPage County, City of Chicago, Cook…

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Local Government Fiscal Year 2012 Budget Analysis Summary

This week marks the end of the Civic Federation's fiscal year 2012 local government budget analysis season. The nine local governments monitored by the Civic Federation include: City Colleges of Chicago, Chicago Public Schools, DuPage…

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Civic Federation Publishes Report on Chicago Charter School Finances

On October 4, 2011 the Civic Federation released an independent analysis of Chicago charter school finances…

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A Financial Analysis of the Chicago Charter Schools: A Financial Indicator Analysis and Primer

This 170-page report is a comprehensive examination of Chicago charter school finances and financial performance in fiscal years 2007 and 2008. The primary purpose is to provide a first-ever financial analysis of Chicago’s charter schools…

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2010 Cook County Property Tax Rates Are Out

Cook County Clerk David Orr’s office today released the 2010 Cook County Tax Rates Report. The report lists property tax rates for…

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Updated Report Explains Effect of TIF on Cook County Local Governments

Today the Civic Federation published an update to its primer The Cook County Property Tax Extension Process: A Primer on Levies…