Government Budgets

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City Colleges budget gets nod from Civic Fed

This article covered the Civic Federation’s analysis of the City Colleges of Chicago FY2020 Tentative Budget. The Federation supported the $447.5 million proposal, but had severe…

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Civic Federation Supports City Colleges FY2020 Budget but has Concerns about Long-Term Fiscal Stability

(CHICAGO) In an analysis released today, the Civic Federation announced its support of the City Colleges of Chicago’s proposed FY2020 operating budget as a one-year plan for the District—while expressing concerns about the District’s long-…

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City Colleges of Chicago FY2020 Tentative Budget: Analysis and Recommendations

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Illinois’ Pension Buyout Savings Far Less than Expected

A new pension buyout plan designed to save hundreds of millions of dollars for the State of Illinois in the fiscal year that just ended actually generated relatively…

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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

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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

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