City Reduces Budget Deficit but Long-Term Challenges Remain
The City of Chicago recently released its mid-year Annual Financial Analysis for 2016, which provides financial estimates for the City’s fiscal year ending…
The City of Chicago recently released its mid-year Annual Financial Analysis for 2016, which provides financial estimates for the City’s fiscal year ending…
This article discusses a plan to provide $20 million in property tax rebates to City of Chicago homeowners. Laurence Msall, President of the Civic Federation, notes that the program is likely to have a very modest impact to Chicago…
On June 29, 2016 the Cook County Board of Commissioners voted to approve a resolution to present a public question via a binding countywide referendum…
This article discusses the State of Illinois’ FY2017 stopgap plan and how it will not be enough to make whole many of the programs that rely on State funding. Civic Federation President Laurence Msall remarks that the stopgap plan is…
Despite a stopgap spending measure enacted on June 30, 2016, State of Illinois appropriations for higher education remain below expenditures in…
This article discusses the State of Illinois’ FY2017 stopgap plan and the financial impact of the State not enacting a comprehensive balanced budget. Laurence Msall, President of the Civic Federation, describes the stopgap plan as a…
On June 30, 2016, Cook County Board President Toni Preckwinkle issued a preliminary budget for fiscal year 2017, which begins December 1, 2016 and ends…
Proposal keeps property tax levy, tuition rates relatively flat despite inadequate funding from State of Illinois In an analysis released today, the Civic Federation announced its support of the City Colleges of Chicago’s proposed FY2017…
This article discusses the tough financial decisions Cook County will have to make in order to address its expected budget deficit. Civic Federation President Laurence Msall explains that Cook County has been grappling with financial…