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…
The City of Chicago recently released its Annual Financial Analysis for 2015. According to an…
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 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…
