Civic Federation Recommendations Regarding Changes to Fund Balance Reporting Standards
Earlier this year, the Civic Federation published a blog describing the recent changes to the standards for how governments report fund balance. Fund balance…
On August 17, 2012, Illinois legislators adjourned a special one-day session of the General Assembly…
This article discusses uncertainty surrounding the Chicago Public Schools' FY2013 budget. The FY2013 budget will remain unresolved after today's vote by the Chicago Board of Education because…
The State of Illinois’ enacted budget for FY2013 is missing key components needed to carry out the General Assembly’s spending plan, according to a recent filing in…
(Click here to read part one of this two-part look at the City's Annual Financial Analysis.) Last week, the City of Chicago released its…
Earlier today, Illinois Governor Pat Quinn signed legislation intended to add transparency, accountability and competition to the State’s…
This issue brief examines how enterprise zones currently operate in Illinois. Enterprise zones are geographic areas designed by state and/or local governments to stimulate economic growth and create or retain jobs in economically depressed…
This segment gives an overview of the City of Chicago’s fiscal health following the July 31 release of the City’s Annual Financial Analysis, which projects a deficit of $369.0 million in FY2013. Civic…
The City of Chicago released its Annual Financial Analysis on July 31, showing that debt payments are expected to rise next year by $278 million to a record level of $1.55 billion. The Civic…