Government Budgets

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Open wallet, pay interest

This editorial discusses the finding in the Civic Federation’s “Cost of the Crisis” report that…

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State Paid Additional $551 Million for Last Year’s Bonds

  Earlier this week the Institute for Illinois’ Fiscal Sustainability at the Civic Federation released…

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Cost-Cutting Proposals On Tap for MWRD – Part I

  The Metropolitan Water Reclamation District recently announced that it is facing a $24 million budget deficit for FY2011. After hearing a report of the FY2011…

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State paying for its low rating

The Civic Federation’s “Cost of the Crisis” report is the focus of this article. The Federation says that because of the State of Illinois’ declining bond ratings, taxpayers may have to pay an additional $551.3 million in extra borrowing…

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Lower credit rating costs Illinois extra half-billion in borrowing expenses

In this blog post, Greg Hinz examines the Civic Federation’s “Cost of the Crisis” report that…

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Being broke costs state $550 million

This news article discusses the Civic Federation’s “Cost of the Crisis” report. The article…

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President of the Civic Federation Laurence Msall joins Don Wade and Roma

Don Wade and Roma interview Civic Federation President Laurence Msall about the Civic Federation’s “

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Illinois Charged an Extra $551 Million in Borrowing Costs Over the Last 12 Months

(CHICAGO) The Civic Federation released today a comparative analysis of the cost of the $9.6 billion in bonds the State of Illinois issued between September 2009 and July 2010. The report estimated that Illinois government may pay as much…

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Cost of the Crisis: An Analysis of the Additional Bond Costs Paid by the State of Illinois Due to the State’s Ongoing Fiscal Crisis

This issue brief provides a comparative analysis of the cost of the $9.6 billion in bonds the State of Illinois issued between September 2009 and July 2010. The report estimates that Illinois government may pay as much as $551.3 million…

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FOX Chicago Sunday: Laurence Msall

In a discussion on the Fox Chicago Sunday news program about the City of Chicago’s budget shortfall, Civic Federation President Laurence Msall discusses the effect that privatization of some City services may have on closing the gap.