The Illinois House of Representatives took a significant step in its annual budget negotiations this week when legislators unanimously passed a resolution limiting General Funds spending to $33.2 billion. The cap on spending is…
The Cook County Board recently passed the County’s FY2011 budget. The budget included…
In this article about the budget-balancing challenges facing City of Chicago Mayor-elect Rahm Emanuel, the Civic Federation says the next Mayor must make the City's finances his top priority.
This article discusses the fiscal challenges facing Chicago Mayor-elect Rahm Emanuel. It cites a report by the…
This editorial about the State of Illinois' plan to borrow to pay down its past-due bills cites the Civic Federation, which says the plan is financially reckless.
For the second year in a row, the State of Illinois raised funds in the municipal bond market to make its annual pension contributions. On February 23, 2011, the State finalized the sale of $3.7 billion worth of Pension Obligation Bonds (…
On Saturday February 26th, the Cook County Board of Commissioners unanimously approved the FY2011 Annual Appropriations Ordinance. In the…
This article discusses the Cook County Board of Commissioners vote to rollback the remaining portion of the 2008 penny sales tax increase by 2013. The Civic Federation says that the tax increase was established without a solid plan for how…
In this segment on Swiss Public Radio (in German) about Rahm Emanuel’s mayoral campaign, Civic Federation President Laurence Msall talks about the financial challenges the next mayor of Chicago must face.
This article discusses the City of Chicago mayoral election. It mentions that the Civic Federation’s “Financial…
