In this article about the City of Chicago’s plan to incur debt to pay City firefighters back pay, the Civic Federation says that borrowing funds to pay for operating costs is expensive and demonstrates a lack of financial planning.
This article examines the City of Chicago Inspector General’s revelation that unpaid furlough days taken by City employees to help bridge a City budget gap may have also contributed to a shortchanging of the City’s pension systems. The…
The following opinion piece by Civic Federation President Laurence Msall appeared in the…
The State of Illinois is anticipating a large increase in revenues from income tax rate increases approved in January and additional resources from borrowing to make its pension payment for the second year in a row. Even so, the Governor…
The staff and President of the Forest Preserve District of Cook County filed a FY2011 proposed budget for review by the District’s governing board on October 6, 2010, almost three months before the start of the new fiscal year on January 1…
This article about Cook County President Toni Preckwinkle’s proposed FY2011 budget, which makes major cuts and restructures debt to fill a nearly $500 million budget gap, mentions that the Civic Federation supports the proposed reforms.
This post on the Clout Street blog is about Cook County’s proposed FY2011 budget plans, which include major personnel cuts and debt restructuring to reduce a nearly $500 million budget gap. The Civic Federation says the budget proposal…
In this blog entry, Greg Hinz discusses Cook County President Toni Preckwinkle’s proposed FY2011 County budget, which calls for significant personnel reductions to help reduce a large budget gap. The Civic Federation says the proposed…
This news segment explores the effect that the proposed increase in State of Illinois income taxes may have on individuals and businesses. Civic Federation President Laurence Msall says the State’s plans will not make a dent in its deficit…
