Government Budgets

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Warning issued over 'risky' Chicago Public Schools budget

This article covers the Civic Federation’s FY2016 Chicago Public Schools Proposed Budget Analysis released August 25. The Federation opposes the budget…

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Civic Federation tells Board of Ed to reject CPS budget

This article discusses the Civic Federation’s analysis of the proposed FY2016 Chicago Public Schools budget. The Civic Federation opposed the budget for…

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Borrowing trouble for CPS

This editorial reviews the governing history of Chicago Public Schools and calls on today’s leaders to address the District’s current financial crisis. It cites the Civic Federation’s…

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Chicago Public Schools FY2016 Proposed Budget: Analysis and Recommendations

The Civic Federation opposes the Chicago Public Schools proposed $5.7 billion FY2016 budget because it is not balanced and does not provide a sustainable path out of the District’s current fiscal crisis. It is yet another financially risky…

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Board of Education Should Reject "Risky" CPS Budget

Civic Federation Calls for Realistic Contingency Plan for Chicago Public Schools That Does Not Rely on Borrowing, Other Unsustainable Actions In a report released today, the Civic Federation opposed the Chicago Public Schools proposed…

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Illinois Spending Continues Without an FY2016 Budget

Even without an annual operating budget, the State of Illinois has already spent billions of dollars for the fiscal year that began on July 1,…

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Without a budget, spending and deficit balloon

This article covers the budget impasse facing the State of Illinois and how it is contributing to a growing deficit as the State continues to…

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Capital Budget Approved But Some Capitol Renovations Nixed

Although the State of Illinois in entering the second month of its new fiscal year without an operating budget, the Governor and General Assembly have agreed on a capital construction budget for fiscal year 2016.   Governor Bruce…

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CPS' $5.7 billion spending proposal relies on $480 million from Springfield

This article gives an overview of the Chicago Public Schools FY2016 budget released August 10 for the fiscal year that began July 1. The Civic Federation said the spending plan that relies on the State of Illinois to provide $480 million…

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City of Chicago Releases Annual Financial Analysis for 2015

The City of Chicago recently released its Annual Financial Analysis for 2015. According to an…