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FY2016

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Civic Federation Supports Metropolitan Water Reclamation District's FY2016 Tentative Budget

In an analysis released today, the Civic Federation announced it supports the Metropolitan Water Reclamation District’s Tentative FY2016 budget of $1.21 billion. The District proposes a reasonable, balanced budget while maintaining ample…

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Civic Federation Supports Chicago Park District's FY2016 Budget

Accommodates Increased Pension Contributions and Holds Property Tax Levy Relatively Flat In an analysis released today, the Civic Federation supports the Chicago Park District’s proposed FY2016 operating budget of $458.1 million. The…

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Chicago Park District FY2016 Budget: Analysis and Recommendations

The Civic Federation supports the Chicago Park District’s proposed FY2016 operating budget of $458.1 million that reduces the District’s reliance on one-time revenue sources and accommodates increased employer pension contributions for the…

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New Plan for the State of Illinois to Borrow for Operating Costs Advances

In the absence of a budget for FY2016, the State of Illinois is moving forward with a plan to issue debt through the Illinois Finance Authority to fund some essential operating expenses. However, the…

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Measuring the Productivity of the Chicago Transit Authority Over Time

The Chicago Transit Authority (CTA) recently released its FY2016 proposed budget. While the Civic Federation traditionally analyzes…

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CTA budget banks on Rauner rollback to stay in the black

This article discusses the Chicago Transit Authority’s proposed FY2016 budget in advance of the November 16 budget hearing. It cites the Civic Federation’s FY2016…

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Growth of Illinois Pension Tab Slows

This article discusses a blog post by the Illinois Institute for Illinois’ Fiscal Sustainability that…

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Rauner to borrow from state agency to pay bills

This article reviews a borrowing plan for the State of Illinois that would pay for State bills by issuing bonds with funds withdrawn from Illinois Finance Authority Board investments. The Civic Federation said the plan is indicative of the…

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Rauner v the rest

This article discusses the ongoing budget impasse in Illinois—the State is now in its fifth month without a budget. It uses information from the Civic Federation’s …

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Civic Federation Supports FY2016 Forest Preserve District Of Cook County Budget

Reasonable Plan for Next Year, but Underfunded Pensions Remain a Concern In an analysis released today, the Civic Federation announced it supports the Forest Preserve District of Cook County’s proposed FY2016 budget of $190.3 million.…