Government Budgets

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City Colleges of Chicago Get Budget Endorsement

(The full content of this article is only available to the publication’s subscribers.) This article covers the Civic Federation’s analysis of the City Colleges FY2014 tentative…

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General Assembly Panel Seeks Compromise on Pension Reform

Charged with finding a solution to the State of Illinois’ pension crisis, a legislative conference committee is considering a reform framework proposed by public university presidents. The central feature of the…

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Civic Federation heaps praise on City Colleges

This article summarizes the Civic Federation’s support for the City Colleges FY2014 tentative budget. The budget holds the property tax levy flat, reduces unrestricted…

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City Colleges of Chicago FY2014 Tentative Budget: Analysis and Recommendations

The Civic Federation supports the City Colleges tentative FY2014 budget totaling $657.0 million for continuing the District’s exemplary work to improve its financial and operational health. The FY2014 proposed budget holds the property tax…

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Civic Federation Supports City Colleges FY2014 Budget

Proposed budget holds property tax levy flat and prepares for State’s uncertain fiscal outlook (CHICAGO) In an analysis released today, the Civic Federation supports the City Colleges of Chicago’s proposed FY2014 budget of $657.0 million…

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Study Concludes State Pension Crisis No Threat to Bondholders

 Amidst a flurry of reports on the State of Illinois’ inability to solve its ongoing pension crisis and…

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Cook County Releases Preliminary Budget Estimates for FY2014

On June 27, 2013, Cook County Board President Toni Preckwinkle released a report on preliminary budget estimates for fiscal year 2014, which begins on December 1, 2013 and ends November 30…

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General Assembly’s FY2014 Budget Shows Slight Deficit

The FY2014 budget for the State of Illinois approved by the General Assembly has an operating deficit of $89 million, according to documents published in connection with an upcoming State…

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General Assembly Approves Spending Above Revenue Estimate

Despite increasing its revenue estimate on the final day of the regular legislative session, the Illinois General Assembly appears to have enacted a spending plan for FY2014 that exceeds the State’s expected resources. On May 31, 2013, the…

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State’s Deadline for Paying Bills Permanently Extended

Due to its large backlog of outstanding bills, the State of Illinois has permanently extended its annual deadline for paying old bills to December 31—six months after the end of the fiscal year. The extension was enacted without fanfare in…