Without a budget, spending and deficit balloon
This article covers the budget impasse facing the State of Illinois and how it is contributing to a growing deficit as the State continues to…
This article covers the budget impasse facing the State of Illinois and how it is contributing to a growing deficit as the State continues to…
Although the State of Illinois in entering the second month of its new fiscal year without an operating budget, the Governor and General Assembly have agreed on a capital construction budget for fiscal year 2016. Governor Bruce…
This article gives an overview of the Chicago Public Schools FY2016 budget released August 10 for the fiscal year that began July 1. The Civic Federation said the spending plan that relies on the State of Illinois to provide $480 million…
This article reviews findings in the City of Chicago’s Annual Financial Analysis, released July 31. The Civic Federation said the only thing that can improve Chicago’s financial position is a comprehensive plan that relies on sustainable…
This article examines the projected deficit of $426 million reported in the City of Chicago’s Annual Financial Analysis, which does not include additional…
This article covers the $426 million budget deficit projected in the City of Chicago’s Annual Financial Analysis released July 31. The $426 million budget gap does not include nearly $550 million in additional contributions required by…
On July 15, 2015, the Cook County Board of Commissioners voted 9-7 to once again increase the county sales tax by one percentage point, taking effect on January 1, 2016. Once in place for one full year, Board President Toni Preckwinkle’s…
This segment features Civic Federation President Laurence Msall and DePaul Assistant Professor Nick Kachiroubas discussing the July 15 Cook County sales tax increase. The…
This article covers the July 15 vote by the Cook County Board of Commissioners to increase the sales tax by one percentage point beginning in 2016. The Civic Federation…
This editorial discusses the Cook County sales tax increase narrowly passed by the Cook County Board July 15 that would go into effect in 2016. The Civic Federation…