Government Budgets

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State Sees Decline in Backlog of Business Tax Refunds

The State of Illinois still owes income tax refunds to many businesses, but the backlog declined in the fiscal year ended June 30, 2011 and is expected to dip further this year. According to the Illinois Department of Revenue, 4,569…

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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…