This news segment discusses Chicago Public Schools proposal to close its $712 million budget gap by raising its property taxes to the maximum amount allowed and making significant cuts to staffing and programs. The Civic Federation says it…
City of Chicago Mayor Rahm Emanuel’s decision to avoid raising taxes to fill the City’s budget deficit of $636 million is the focus of this article. The Civic Federation says that City operations may need to be restructured to close the…
This article discusses the City of Chicago’s budget deficit and the ways that City of Chicago Mayor Rahm Emanuel may choose to fill that gap. The Civic Federation says that the budget cannot be balanced without cuts to the City’s payroll.
A recent mid-year report issued by Cook County provides more details on…
The State of Illinois’ plan to relieve some cash flow pressures in FY2011 by borrowing nearly $1 billion from its Special Funds to pay for operations netted less than half of that amount at the close of FY2011. The interfund borrowing…
This article discusses proposals to fill the projected $315 million budget gap in Cook County’s FY2012 preliminary budget, which could possibly include layoffs or other major cuts. The Civic Federation says it supports Cook County Board…
This article discusses City of Chicago Mayor Rahm Emanuel’s warnings about the City’s FY2012 budget deficit, projected at $635.7 million. The article notes that the deficit figure does not include pension system shortfalls, which could add…
This news segment examines the work that lies ahead for City of Chicago Mayor Rahm Emanuel as he finds ways of plugging the City’s projected $600 million budget gap for next year. Civic Federation President Laurence Msall says that the…
This article discusses Cook County Board President Toni Preckwinkle’s warnings about the County’s $315 million budget gap, which includes the possibility of layoffs and cuts. The Civic Federation says it supports Board President…
