Government Budgets

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Cook County Forecasts Operating Surplus for Year-End FY2022 and Small Deficit Heading into FY2023

On June 23, 2022, Cook County Board President Toni Preckwinkle issued a preliminary budget forecast for fiscal year 2023. The fiscal year begins December 1, 2022 and ends November 30, 2023. The report provides end-of-year estimates for the…

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Chicago Public Schools FY2023 Proposed Budget: Analysis and Recommendations

Click here to read the full report (PDF).

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The State of Illinois FY2023 Enacted Budget

On April 9, 2022 the Illinois General Assembly passed the three bills that comprise the FY2023 budget and FY2022 supplemental appropriations. On April 19 the Governor signed the bills into law. The FY2023 budget was passed nearly two…

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Chicago Transit Authority Approves $1.7 Billion Budget, Faces Uncertain Fiscal Future

This blog post presents an overview of the Chicago Transit Authority’s FY2022 operating budget, including a summary of how federal stimulus funds were used to balance the budget, and an update on its recent $350 million debt issuance.The…

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Comparing FY2023 State Revenue Forecasts

On March 24, 2022, the Civic Federation released its annual analysis and recommendations for the Governor’s proposed…

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State of Illinois FY2023 Recommended Operating and Capital Budgets: Analysis and Recommendations

Click here to read the full report.

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Illinois Criminal Justice Agency Budget Requests for FY2023 Reflect Implementation of SAFE-T Act

Governor JB Pritzker’s proposed FY2023 State Budget directs funding to a number of public…

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Governor’s FY2023 Budget Buoyed by Stronger than Expected Economic Recovery

Illinois Governor JB Pritzker’s fourth budget recommendation proposes taking advantage of a…

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CTA Releases $3.5 Billion 5-Year Capital Plan

The Chicago Transit Authority (CTA) released a $3.5 billion, five year FY2022-FY2026 capital plan in October 2021. The CTA…

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City of Chicago Public Safety Spending

The Chicago City Council approved the City’s annual budget for FY2022 (which aligns with the 2022 calendar year) on October 27. The Civic Federation supported the City’s FY2022 budget totaling $10.6 billion in an…