Budgeting in the Time of Coronavirus: Uncertainty and Surprises
The State of Illinois’ FY2020 fourth quarter revenue report contained a…
The State of Illinois’ FY2020 fourth quarter revenue report contained a…
UPDATE: On September 21, the Cook County Health (CCH) Board approved by a vote of eight to three an amended FY2021 proposed budget with $40…
The City of Chicago recently released its Budget Forecast for FY2021, which provides financial estimates for the City’s…
In a recent analysis of the Chicago Public Schools FY2021 budget, the Civic Federation supported the District’s proposed $8.4 billion budget. However, the Federation expressed serious…
On August 12, 2020 the Chicago Transit Authority (CTA) approved Ordinance 020-070 amending its FY2020 budget to incorporate $690.1 million of the CARES…
As state and local governments…
The COVID-19 pandemic has had a devastating impact on state budgets, with tax revenue shortfalls estimated to total about $200 billion for fiscal years 2020 and 2021 compared with initial projections.…