This news segment discusses the likelihood of layoffs and deep cuts in Cook County Board President Toni Preckwinkle’s FY2012 preliminary budget for the County. Civic Federation President Laurence Msall says that closing the County’s $317…
The June 2011 edition of Government Finance Review features “The Chicago Experience: a P3 Checklist,” co-authored by Civic Federation President Laurence Msall and…
Governor Pat Quinn’s plan to cancel pay raises for State of Illinois unionized workers due to insufficient funds in the FY2012 budget has hit a major hurdle. The plan, which would have affected 30,000 members of Council 31 of the American…
In many of its past reports, the Civic Federation has recommended that local governments integrate performance management into their budgeting process and make that information public. In the…
After two consecutive years of losses, the State of Illinois is reporting moderate growth in sales tax revenue for FY2011, which ended on June 30, 2011. Not only did sales tax revenue collected by the State grow but it also beat the…
The Civic Federation supports the City Colleges FY2012 tentative budget totaling $651.5 million, an increase of $69.6 million, or 12.0%, over the adopted FY2011 budget. Unrestricted operating funds, the portion of the budget over…
The Civic Federation announced today its support for the City Colleges of Chicago proposed FY2012 operating budget of $651.5 million. The Federation supports the budget because it exercises fiscal restraint and follows many of the…
Governor Pat Quinn signed the State of Illinois’ FY2012 budget on June 30, 2011, a day before the start of the new fiscal year. The FY2012 budget is expected to generate a mountain of unpaid Medicaid bills and a possible court battle over…
Findings in a report from Cook County Treasurer Maria Pappas that show that the County owes $108 billion in accrued debt is the focus of this article. The Civic Federation says the report is a good contribution to the debate over local…
The Federal Reserve Bank of Chicago recently co-hosted a conference featuring analysis and discussion among local and national budget experts to better understand the fiscal condition of states and prospects for economic recovery after…
