This segment reports on a meeting in Springfield between Illinois Governor Bruce Rauner and State legislative leaders to discuss Illinois’ ongoing budget crisis. Civic Federation President Laurence Msall comments on the State’s lack of progress addressing its financial issues, remarking that Illinois is the only state in the union that has gone this long without a complete budget.
(CHICAGO) In an analysis released today, the Civic Federation announced its support for the Forest Preserve District of Cook County’s proposed FY2017 budget of $192.4 million because it includes measures to reduce costs and generate additional revenue in order to offset rising personnel costs and a reduction in the Personal Property Replacement Tax (PPRT). The full 67-page analysis is available…
Click here to read the full report. The Civic Federation supports the Forest Preserve District of Cook County’s proposed FY2017 budget of $192.4 million because it includes measures to reduce costs and generate additional revenue in order to offset rising personnel costs and a reduction in the Personal Property Replacement Tax (PPRT). The District’s FY2017 budget proposes management…
The Civic Federation supports the Chicago Transit Authority’s proposed FY2017 operating budget of $1.52 billion because the budget holds base fares flat and continues to make strategic capital investments despite ongoing state funding uncertainty. As detailed in the report, the FY2017 budget does not rely on one-time revenue sources or service cuts despite declining fare revenue and …
This article reports on a recent Civic Federation issue brief that includes a number of recommendations on ways the Chicago Public Schools can increase transparency. Civic Federation President Laurence Msall says that the Federation has always paid some attention to Chicago Public Schools’ transparency and notes that extra scrutiny is now needed because of the District’s troubled finances.
This article discusses a proposed constitutional amendment that would make the State of Illinois’ transportation revenue off limits for other purposes, noting that the amendment would not prevent State tax increases. Laurence Msall, President of the Civic Federation, remarks that attempting to fix State roads without raising taxes fails to recognize Illinois’ current financial situation.
This article covers the Civic Federation’s recent analysis of the City of Chicago’s FY2017 proposed budget. The Federation supports the City’s FY2017 budget because it continues to address unfunded pension liabilities and makes significant improvements to past financial practices. Civic Federation President Laurence Msall remarks that Chicago is in much better shape than it was five years ago but…
This article discusses findings included in the Civic Federation’s City of Chicago FY2017 proposed budget analysis and highlights some concerns the Federation has on Chicago’s finances. Laurence Msall, President of the Civic Federation, comments that the City’s FY2017 budget is good news for taxpayers but also notes the Federation’s concerns on the City’s continued structural deficit and…
(CHICAGO) – In a report released today, the Civic Federation announced its support for the City of Chicago’s proposed FY2017 budget of approximately $8.2 billion because it continues to work toward addressing the City’s unfunded pension liabilities and makes significant improvements over past financial practices. The full 97-page analysis is available here. “This budget is relatively good news…
The Civic Federation supports the proposed FY2017 City of Chicago budget of $8.2 billion because it continues to work toward addressing the City’s unfunded pension liabilities and makes significant improvements over past financial practices. Despite setbacks due to recent court rulings, all four City funds now have proposed dedicated funding sources. As mentioned in the full report, Mayor…
