CHICAGO – The Civic Federation supports the $1.7 billion FY2010 Metropolitan Water Reclamation District of Greater Chicago (MWRD) tentative budget as a prudent response to revenue shortfalls. The MWRD plans to prioritize spending, control…
Facing a multi-billion dollar mountain of unpaid bills and declining revenues, Governor Pat Quinn has proposed a new short-term borrowing plan for the State of Illinois that has encountered opposition from the Comptroller’s Office. As…
In September Fitch Ratings announced an upgrade of the Forest Preserve District of Cook County’s outstanding unlimited tax general obligation bonds totaling $115 million…
The Chicago Park District recently proposed its FY2010 operating budget, totaling $391.9 million. The District is decreasing its operating expenditures by 0.3% from the FY2009 budget, which is one of the reasons the Federation offered its…
The Civic Federation offers qualified support for the FY2010 Chicago Park District’s proposed operating budget of $391.9 million. The District is proposing a responsible budget that reduces expenditures and holds the property tax levy…
The Civic Federation’s analysis of the Chicago Park District’s $391.9 million FY2010 proposed budget concluded that the plan is a responsible one that reduces expenditures, but uses too much in reserve funds to close a $23.9 million budget…
The Civic Federation commends the Cook County Board for voting 12-5 to roll back half of last year’s one percentage point sales tax hike and for overriding President Todd Stroger’s veto. The Federation considers this a victory for…
For anyone who missed a last ride on the tilt-a-whirl when Kiddieland closed last month, a quick review of our state’s fiscal situation can provide a…
This news segment discusses the effect that Illinois’ troubled economy may have on the gubernatorial election in 2010. Civic Federation President Laurence Msall points out that Illinois’ lack of a budget tied to available revenue will make…
This news segment is about the Chicago Transit Authority’s substation in the Chicago Block 37 transit and retail project. Civic Federation President Laurence Msall is interviewed saying that the project, while a reasonable one at the time…
