Government Budgets

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Cook County’s Newly Formed Independent Revenue Forecasting Commission Holds First Meeting

A Commission created to analyze an annual five-year forecast of Cook County revenues held its…

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New Illinois Health Insurer Tax to Generate $1.1 Billion in Federal Revenues

Amid the frenzied activity at the end of the Illinois General Assembly’s spring session, a little-noticed tax on health…

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Civic Federation Supports Governor Pritzker's Proposed FY2020 Budget as Workable Short-Term Plan, But Expresses Several Strong Concerns

(CHICAGO) – In a report released today, the Institute for Illinois’ Fiscal Sustainability at the Civic Federation announced its support for Governor Pritzker’s recommended FY2020 budget, because it represents a workable short-term plan to…

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State of Illinois FY2020 Recommended Operating and Capital Budgets: Analysis and Recommendations

Click here to read the full report.

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Governor Cancels FY2020 Pension Holiday Plan after April Income Tax Surge

Following an unexpected influx of income tax revenues in April 2019, Illinois Governor J.B. Pritzker has dropped a controversial proposal to delay funding for the State’s financially troubled pension funds. The pension holiday, proposed…

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Financial Challenges for the Next Chicago Mayor and City Council

Click here to read the full report.

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Governor Proposes Pension Savings, Revenue Increases in FY2020

Governor J.B. Pritzker’s first budget proposal for the State of Illinois faced major challenges, including an operating deficit that the new administration estimated at…

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Civic Federation Proposes Plan to Tackle Illinois' Severe Financial Challenges

In light of Springfield’s past bad practices, group also cautions against gimmicks, pitfalls (CHICAGO) – In a report released today, the Civic Federation’s Institute for Illinois’ Fiscal Sustainability has proposed a multi-year plan to…

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State of Illinois FY2020 Budget Roadmap

Click here to read the full report. Click here to…

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A Public Bank for the City of Chicago?

The following blog post examines the possibility of the City of Chicago starting a public bank. It is intended for informational purposes only. The Civic Federation has not taken a position on the idea, which has been discussed during the…