This article analyzes the health of the financial reserves of 90 northeastern Illinois suburbs in response to Governor Rauner’s FY2016 budget proposal that included reducing municipalities’ shares of State Income Tax revenues. The Civic…
Alongside his first operating budget proposed for the State of Illinois, Governor Bruce Rauner also recommended a capital budget for FY2016 that proposes shifting previously vetoed spending authority to pay for delayed maintenance at State…
This article discusses the budget Governor Rauner proposed earlier in February, which closes a $6.2 billion budget gap through program reductions and a pension reform proposal. The piece cites recommendations from the Civic Federation’s…
In his first budget proposal for the State of Illinois, Governor Bruce Rauner recommended more than $4 billion in spending cuts and $2.2 billion in estimated pension savings to close a projected budget gap of over $6 billion in fiscal…
The Chicago Public Schools audited financial statements for fiscal year 2014 released last week indicate the deterioration of the District’s fiscal condition continued through the end of FY2014. The District’s most recent Comprehensive…
This article reviews Mayor Emanuel’s first term in office prior to Chicago’s upcoming municipal election. The Civic Federation said the Emanuel administration has made significant strides in improving the City’s financial position…
This editorial discusses Governor Rauner’s budget recommendation for fiscal year 2016, which relies on program reductions and a pension reform proposal to address a $6.2 billion budget gap. The editorial cites the Civic Federation’s…
The article covers the main points of Governor Rauner’s fiscal year 2016 budget recommendation, which includes significant program cuts and expanded pension reforms. The Civic Federation said the proposed budget is a starting point for…
The State of Illinois reduces its operating resources by more than 25% annually to provide individuals and businesses tax benefits through exemptions also known as tax expenditures. In FY2013, the most recent year that…
This article reviews the Institute for Illinois' Fiscal Sustainability at the Civic Federation’s FY2016 State Budget Roadmap, an annual report released prior to the…
