The fiscal fallout to states and local municipalities resulting from Standard & Poor’s downgrade of the United State’s debt rating is the focus of this article. The article cites the Civic Federation’s “Cost of the Crisis” report,…
This article explores the possibility that Mayor Rahm Emanuel might consider privatizating of Midway Airport. The article cites the Civic Federation’s recommendation that the next mayor of Chicago consider leasing the airport to help pay…
This article discusses allegations of fraud by Chicago Fire Department employees. The article cites the Civic Federation’s recommendation that the mayor consider making cuts to the Department to help balance the City’s budget.
In this news segment about Chicago Public Schools proposal to increase its property tax levy to help fill its $712 million budget gap, Civic Federation Vice President Lise Valentine says that CPS is making difficult but reasonable choices…
This article discusses Chicago Public Schools proposal to increase its property tax levy to the maximum amount allowed – as well as make major staffing and program cuts – to help fill its $712 million budget gap. Civic Federation Vice…
This news segment discusses Chicago Public Schools proposal to close its $712 million budget gap by raising its property taxes to the maximum amount allowed and making significant cuts to staffing and programs. The Civic Federation says it…
City of Chicago Mayor Rahm Emanuel’s decision to avoid raising taxes to fill the City’s budget deficit of $636 million is the focus of this article. The Civic Federation says that City operations may need to be restructured to close the…
This article discusses the City of Chicago’s budget deficit and the ways that City of Chicago Mayor Rahm Emanuel may choose to fill that gap. The Civic Federation says that the budget cannot be balanced without cuts to the City’s payroll.
A recent mid-year report issued by Cook County provides more details on…
The State of Illinois’ plan to relieve some cash flow pressures in FY2011 by borrowing nearly $1 billion from its Special Funds to pay for operations netted less than half of that amount at the close of FY2011. The interfund borrowing…
