This article discusses the impact taxpayers could feel following a July 24 court ruling that struck down reforms for the City of Chicago’s police and fire pension funds. The Civic Federation said that without the reforms, it is highly…
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…
More than three weeks into fiscal year 2016, the State of Illinois continues to operate without an annual budget. Despite the lack of a budget…
The State of Illinois’ new fiscal year began on July 1, 2015 without an annual budget and with no clear end in sight to the impasse between Governor Bruce Rauner and the General Assembly. On July 9, the legislature was…
This article discusses a shift by City Colleges of Chicago to a flat-rate tuition structure that would take effect as of the fall 2015 semester. It cites the Civic Federation’s…
This radio segment reviews the new flat-rate tuition structure being introduced by City Colleges of Chicago ahead of the fall 2015 school year. The Civic Federation said in its…
Proposal Holds Property Tax Levy Flat and Introduces Flat-Rate Tuition Structure In an analysis released today, the Civic Federation supports the City Colleges of Chicago’s proposed FY2016 operating budget of $695.6 million because it…
The Civic Federation supports the City Colleges tentative FY2016 budget totaling $695.6 million because it continues to minimize the financial burden placed on taxpayers by avoiding a property tax increase at a time when other local…
This article discusses the potential for Chicago residents to see a significant property tax increase, due to the intensifying financial challenges facing the City of Chicago and Chicago Public Schools. The Civic Federation said new…
This segment covers the severe budget challenges facing Chicago Public Schools that were further exacerbated following a $634 million pension payment made June 30. The Civic Federation said CPS has been facing a structural deficit for…
