Budget holds fares flat despite increased expenses and lower revenues (CHICAGO) In an analysis released today, the Civic Federation announced its support for the Chicago Transit Authority’s proposed FY2017 operating budget of $1.52…
Following Mayor Rahm Emanuel’s FY2017 budget address, Civic Federation President Laurence Msall spoke with a pool of reporters about the finances of both the City of Chicago and Chicago Public Schools. He called the Mayor’s proposed budget…
This article reports on a tentative contract deal reached between the Chicago Public Schools and the Chicago Teachers Union. Civic Federation President Laurence Msall notes that CPS should not rely on TIF surplus funds, because they are…
FY2016 Budget Season Summary December 3, 2015 marked the end of the budget season for the eight local governments monitored by the Civic Federation. These governments include: the…
This article discusses Mayor Emanuel’s decision to freeze spending in certain downtown TIF districts and shut down the districts over time. The Civic Federation said the move shows the Mayor’s commitment to free up available resources to…
A new report by Cook County Clerk David Orr released on July 16 finds that 68.2% or 103 of Chicago’s 151 tax increment financing (…
Last week Cook County Clerk David Orr announced upcoming changes to property tax bills…
The Civic Federation supports the $425.6 million Chicago Park District budget for continuing the District’s multi-year effort to reduce its structural deficit. The proposal includes a broad-based property tax increase after eight years of…
Pension Contribution Increase in FY2015 Threatens to Derail Fiscal Progress In a report released today, the Civic Federation announced its support for the City of Chicago’s proposed $7.0 billion budget as a reasonable short-term plan that…
