Government Budgets

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Volatile PPRT Revenue Should Not Be Relied on for Local Government Operating Budgets

  Illinois’ Personal Property Replacement Tax (PPRT) is a revenue source for local governments that was created by the General Assembly…

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Fund Balance Variance at Chicago Public Schools

On Monday the Civic Federation released its analysis of Chicago Public Schools $5.9 billion FY2012 budget…

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Civic watchdog backs CPS budget

This article discusses the Civic Federation’s support for Chicago Public Schools $5.9 billion FY2012 budget…

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Federation backs CPS tax hike, changes to teachers’ pension needed

This article is about the Civic Federation’s analysis of Chicago Public Schools $5.9 billion FY2012 budget…

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CPS Faces ‘Fiscal Calamity,’ Budget Watchdog Warns

This article about the Civic Federation’s analysis of Chicago Public Schools $5.9 billion FY2012 proposed budget…

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New report: CPS faces "enormous budget gaps"

The Civic Federation’s analysis of Chicago Public Schools FY2012 proposed budget is the subject of this…

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Civic Federation praises new school budget – but adds a big ‘but’: Greg Hinz

This article discusses the Civic Federation’s analysis of Chicago Public Schools FY2012 budget proposal. It…

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CPS Makes Difficult Choices to Balance FY2012 Budget, Must Plan for Enormous Future Budget Gaps

The Civic Federation announced its support for the Chicago Public Schools proposed FY2012 budget in a 82-page analysis released today at civicfed.org. Although supporting the CPS’s proposed $5.9 billion spending plan for the coming school…

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Chicago Public Schools FY2012 Budget: Analysis and Recommendations

The Civic Federation supports the Chicago Public Schools proposed $5.9 billion budget for FY2012, which is an increase of 1.5%, or $87.0 million, from the year-end estimates of FY2011. The proposed budget is a reasonable short-term plan to…

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City school tax hike greeted with frustration

This article about a public hearing for Chicago Public Schools budget proposal and property tax increase notes the Civic Federation’s concern that the District’s long-term fiscal situation is unsustainable.