This segment on the City Room news program discusses a Chicago Public Schools plan to restructure its debt instead of depleting its reserve fund in order to balance its budget as originally proposed. The segment mentions the Civic…
This article is about a presentation by Civic Federation President Laurence Msall at St. Augustine College on August 19 about the State of Illinois’ budget troubles. Mr. Msall explained that comprehensive budget cuts and pension and tax…
This article details the Chicago Board of Education’s adoption of a revised FY2011 budget that relies on the restructuring of debt to bridge a budget gap. The Civic Federation says it expressed concerns over the District’s original…
On Monday the Civic Federation released its analysis of the Chicago Public Schools FY2011 proposed budget.…
Spending Plan Exposes District to Greater Financial Risk in the Future The Civic Federation supports the FY2011 proposed Chicago Public Schools budget of $6.5 billion as an adequate plan to close a large deficit and ensure continued access…
The Civic Federation supports the Chicago Public Schools proposed $6.5 billion budget for FY2011, which is a reduction of 5.9% or $402.3 million from the proposed FY2010 budget. The proposed budget offers a short-term solution to the…
It’s no secret that the financially troubled State of Illinois owes billions of dollars in unpaid bills. What is not as widely known is that the State also owes $730 million in corporate income tax refunds, according to the Illinois…
On August 5, the Civic Federation released its analysis of the FY2011 City Colleges Tentative Annual Operating…
This article is about the personnel cuts, pay freezes, and furlough days in the Chicago Public Schools’ proposed $6.4 billion budget as well as the District’s plan to use the entirety of its $190 million reserve fund to help balance the…
This article discusses the Chicago Public Schools’ plan to close a $370 million budget gap through a combination of personnel cuts, pay freezes, and the use of all of its reserve funds. The Civic Federation says the District’s plan to…
