Reform and Rationalization Necessary to Avoid Continual Tax Increases The Civic Federation announced its support for the $469.5 million proposed FY2007 DuPage County preliminary budget on Monday, citing a combination of prudent fiscal management and spending cuts. The Federation recognized the County for working to curb spending by proposing a 2.8% reduction in spending over the previous year…
The Civic Federation opposes the CTA's FY2007 budget because it relies on 110 million dollars in additional state support which has not been guaranteed, and provides no detailed contingency plan. The Federation recommends that the CTA seek relief in Springfield from some collective bargaining constraints that have failed to address the CTA's enormous employee pension and benefit costs.
(CHICAGO) – “A spending plan based on the hope of $110 million in new money from the state is neither balanced nor financially responsible,” said Laurence Msall, president of the Civic Federation. The Federation announced its opposition to the Chicago Transit Authority’s proposed $1.13 billion budget as “financially imprudent” today. The group also expressed concern regarding the RTA’s…
The Civic Federation supports the Forest Preserve District's proposed 164.5 million budget because the District has made important steps toward professionalization of its operations, including the issuance of a Capital Improvement Plan. The Federation makes a number of recommendations on ways to improve the financial management of the District.
The Civic Federation supports the City of Chicago's proposed $5.7 billion budget but has serious concerns about the poor health of the City's pension funds and the low level of reserve funds for contingencies.
(CHICAGO) – Citing the creation of its first capital improvement plan (CIP) and other notable strides toward more professional operations and financial management, the Civic Federation announced its support of the Forest Preserve District of Cook County’s $167 million FY2007 budget. The Federation’s complete Forest Preserve District budget analysis, including detailed findings and recommendations…
This report examines trends in expenditures, revenues, fund balance, personnel, and long-term debt for 1099 local governments in Cook, Lake, DuPage, Kane, McHenry, and Will counties. It includes aggregate data on counties, forest preserve districts, townships, municipalities, school districts, park districts, and special purpose districts. The study found that local government expenditures per…
The Civic Federation opposes the Chicago Public Schools Recommended $5.3 billion FY2007 operating budget because it lacks long-term planning and transparency.
CIVIC FEDERATION CALLS FOR REJECTION OF $5.3 BILLION CHICAGO PUBLIC SCHOOLS BUDGET Lack of Long-Term Planning and Transparency Troubling Says Watchdog Group The Civic Federation is calling on the CPS Board of Trustees to reject the staff-proposed $5.3 billion budget because it lacks requisite detail and fails to address the District’s daunting long-term fiscal challenges. The Federation’s annual…
The Civic Federation supports the $476.1 million City Colleges of Chicago FY2007 tentative budget because it makes impressive strides in implementing business process reforms that will enable the District to better manage its resources and demonstrates fiscal restraint.
