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Government Budgets

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City Continues to Move Forward with O'Hare Modernization Plan

This blog post provides an update on the status of the City of Chicago’s O’Hare International Airport $8.5 billion modernization project in 2020. The COVID-19 pandemic has seriously depressed air traffic around the world, reducing airline…

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City of Chicago Releases $11.7 Billion, Five-Year Capital Plan

On November 18, 2020, the City of Chicago released a multi-year capital plan for FY2021 through FY2025. The plan totals $…

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With Revenue Projection Up, Illinois Still Faces Daunting Budget Challenges

Illinois has lost less tax revenue than expected this year due to the COVID-19 pandemic, but the State still faces a significant budget gap, according to the latest official projection. The Governor’s annual…

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Cook County FY2021 Executive Budget Recommendation: Analysis and Recommendations

Click here to read the full report. Click here to read a press release for…

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City of Chicago FY2020 Year-End Revenue Projections

The City of Chicago expects year-end general operating revenues to be 20.6% below budget by the end of the current 2020 fiscal year, according to the City’s FY2021…

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How Flexible is the Chicago Police Department Budget?

With the City of Chicago facing a $1.2 billion budget deficit heading into the next fiscal year and calls from community advocates for more funding for violence prevention and social services, the current situation begs the question of…

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Budgeting in the Time of Coronavirus: Uncertainty and Surprises

The State of Illinois’ FY2020 fourth quarter revenue report contained a…

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Public Health System Seeks Increased Tax Support from Cook County

UPDATE: On September 21, the Cook County Health (CCH) Board approved by a vote of eight to three an amended FY2021 proposed budget with $40…

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The FY2021 Capital Budget Enacted by the General Assembly

The General Assembly enacted an approximately $49.2 billion capital budget on May 24, 2020.[1] Spending proposed in the capital budget includes funding from the State, grants from the federal…

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City of Chicago Releases Projection of FY2020 Revenue Shortfall Due to COVID-19

The City of Chicago recently released its Budget Forecast for FY2021, which provides financial estimates for the City’s…