Government Budgets

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Chicago Public Schools budget passes amid discord with teachers

This article covered the passage of the Chicago Public Schools FY2020 budget. The Civic Federation supported the budget because it demonstrated continued financial…

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Civic Federation Supports CPS Proposed FY2020 Budget

Concerns persist on enrollment declines, teachers’ pension fund and other pressures (CHICAGO) — In a report released today, the Civic Federation announced its support for Chicago Public Schools’ proposed $7.7 billion FY2020 budget, but…

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Chicago Public Schools FY2020 Proposed Budget: Analysis and Recommendations

Click here to read the full report. Click here to read the press…

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How Chicago Public Schools Could Lose out on Future State Funding Increases

This year is the third year that Chicago Public Schools (CPS) will receive funding from the State of Illinois through the statewide Evidence-Based Funding formula that was signed into State law in August 2017. The CPS 2020 fiscal year runs…

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City Colleges budget gets nod from Civic Fed

This article covered the Civic Federation’s analysis of the City Colleges of Chicago FY2020 Tentative Budget. The Federation supported the $447.5 million proposal, but had severe…

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Civic Federation Supports City Colleges FY2020 Budget but has Concerns about Long-Term Fiscal Stability

(CHICAGO) In an analysis released today, the Civic Federation announced its support of the City Colleges of Chicago’s proposed FY2020 operating budget as a one-year plan for the District—while expressing concerns about the District’s long-…

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City Colleges of Chicago FY2020 Tentative Budget: Analysis and Recommendations

Click here to read the full report. Click…

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Illinois’ Pension Buyout Savings Far Less than Expected

A new pension buyout plan designed to save hundreds of millions of dollars for the State of Illinois in the fiscal year that just ended actually generated relatively…

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Cook County’s Newly Formed Independent Revenue Forecasting Commission Holds First Meeting

A Commission created to analyze an annual five-year forecast of Cook County revenues held its…

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New Illinois Health Insurer Tax to Generate $1.1 Billion in Federal Revenues

Amid the frenzied activity at the end of the Illinois General Assembly’s spring session, a little-noticed tax on health…