Chicago Public Schools

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Property Tax Limitations in Practice: What the Data Reveals About Property Tax Caps in Cook County

Click here to read the full report

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Local Pension Dashboard

The Civic Federation’s Local Pension Dashboard is intended for use as a resource and educational tool to increase the accessibility of local pension fund data. The dashboard reports metrics for the ten major local pension funds within the…

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Chicago Public Schools FY2026 Budget Overview

Click to read the full report.EXECUTIVE SUMMARYOn August 28th, 2025, Chicago Public Schools (CPS, or the “District”) passed a…

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Setting the Record Straight: How Tax Increment Financing (TIF) Actually Interacts with the Chicago Public Schools

by Daniel VeseckyTax Increment Financing (TIF) Districts are a complex, often misunderstood part of Chicago’s tax structure. TIF Districts segment and dedicate a portion of property tax collections within a designated geographic area to…

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Confronting CPS’ Deficit and Structural Issues

The following is testimony delivered by Civic Federation President Joe Ferguson to the Illinois House Executive Committee at a July 31, 2025 hearing on Chicago Public Schools' finances. The original testimony has been edited slightly for…

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Ahead of Pivotal Budget Season, Civic Federation Releases Reports on Chicago Public Schools Financial Forecast

CHICAGO — As Chicago Public Schools (CPS or the ‘District’) heads into a pivotal budget season under new leadership — and with a newly finalized, cost-increasing contract with the Chicago Teachers Union — the Civic Federation is…

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Understanding the Components of CPS’ FY2026 Projected Structural Deficit

This report is part of a three-part educational series on what's at stake for CPS in FY2026 and beyond. Click here to view the one-page summary…

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How Chicago Public Schools' Pensions Work: An Explainer

This report is part of a three-part educational series on what's at stake for CPS in FY2026 and beyond. Click here to view the one-page summary…

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A Brief History of the Chicago School Finance Authority

This report is part of a three-part educational series on what's at stake for CPS in FY2026 and beyond. Click here to view the one-page summary…

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Chicago Public Schools: Building Underutilization

By Lucas Freitag and Daniel VeseckyThe recent Civic Federation Financial Landscape Analysis of the Chicago Public School District highlights a long-term issue for the…