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Government Budgets

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Illinois Hit with Downgrades as Budget Stalemate Continues

Two of the three major rating agencies have cut the State of Illinois’ bond ratings due to its ongoing budget crisis and worsening financial condition. These downgrades make Illinois the only state credit currently rated below the ‘A’…

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City of Chicago Proposes Solid Waste Removal Fee

The City of Chicago’s FY2016 budget proposes to implement a monthly solid waste removal fee of $9.50 on households, which is projected to generate $62.7 million in new revenue.[1] Currently the…

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Civic Federation says proposed Chicago budget a good step

This article reviews the Civic Federation’s analysis of the FY2016 City of Chicago Budget released October 14 in advance of a City Council hearing…

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Civic Federation Backs Emanuel Property Tax Hike, But Has Concerns

This segment discusses the Civic Federation’s FY2016 City of Chicago Budget Analysis released on October 14. The analysis supported the budget for…

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Civic Federation: $588M property tax hike won't be enough to shore up finances

This article covers the Civic Federation’s October 14 analysis of the FY2016 City of Chicago budget. The Federation supports a proposed property…

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Will the State of Illinois Run Out of Money?

With Illinois operating without a budget for more than three months, concerns have arisen about whether the State is going to run…

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Civic Federation Supports Proposed FY2016 Chicago Budget and Necessary Property Tax Increase

Cautions that plan is subject to significant uncertainty pending decisions on pension and retiree health care reform In a report released today, the Civic Federation announced its support for the City of Chicago’s proposed FY2016 budget…

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City of Chicago FY2016 Proposed Budget: Analysis and Recommendations

The Civic Federation supports the City of Chicago’s proposed $7.8 billion budget and necessary property tax increase as a long overdue action to address the City’s public safety pension funding crisis. The total proposed property tax…

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Chicago, New York and Detroit are Lowest Performers on Average in Financial Trend Analysis for FY2009-FY2013

A report released today by the Civic Federation uses nine indicators of financial condition to measure the relative financial trends of Chicago and 12 other major U.S. cities from FY2009 to FY2013. The financial trends for Chicago, New…

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Indicators of Financial Condition: A Comparison of the City of Chicago to 12 Other U.S. Cities from FY2009 through FY2013

Financial Indicators Report, FY2009 to FY2013…