The Civic Federation supports the FY2006 Chicago Public Schools budget as a short-term plan to address the current year’s fiscal and programmatic challenges. It expresses concern about the budget’s lack of basic transparency, and warns of…
This report provides a trend analysis of indicators that measure the financial health and performance of 9 major local government pension funds from 1998 to 2003. It finds a combined $9.7 billion in unfunded liabilities for the nine funds.
The Civic Federation was pleased with some elements of the $5.05 billion CPS budget, but also identified several areas of concern and opposed the $50 million maximum allowable increase in the property tax levy.
This issue brief provides a "plain English" description of how GASB 34 has increased transparency in government financial reporting. It is illustrated with examples from the City of Chicago's FY2002 CAFR, as well as State of Illinois and…
This report provides a 6-year trend analysis of indicators that measure the financial health and performance of 9 major local government pension funds from 1997 to 2002.
This report presents a macro-level overview of expenditure, revenue, debt and personnel trends of 1,043 governments in Cook, Lake, DuPage, Kane, McHenry, and Will Counties. It includes FY1997 and FY2000 comparative information for…
The Civic Federation was disappointed that, rather than cut non-essential or redundant programs, the Chicago Public Schools FY2004 budget of $4.8 billion included a $36 million property tax increase and made only a minimal 30-position…
This report provides a 6-year trend analysis of indicators that measure the financial health and performance of 9 major local government pension funds from 1996 to 2001.
The Civic Federation applauded the Chicago Public Schools for eliminating $28 million in spending, in addition to the $90 million in cuts made in May in order to close a cumulative budget gap of at least $192 million. However, the…
A 6-year trend analysis of indicators that measure the financial health and performance of 9 major local government pension funds from 1995 to 2000.
