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…
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…
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,…
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…
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…
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…
The City of Chicago recently released its Annual Financial Analysis for 2015. According to an…
This article reviews findings in the City of Chicago’s Annual Financial Analysis, released July 31. The Civic Federation said the only thing that can improve Chicago’s financial position is a comprehensive plan that relies on sustainable…
This article examines the projected deficit of $426 million reported in the City of Chicago’s Annual Financial Analysis, which does not include additional…
This article discusses the impact taxpayers could feel following a July 24 court ruling that struck down reforms for the City of Chicago’s police and fire pension funds. The Civic Federation said that without the reforms, it is highly…
