(CHICAGO) – In a report released today, the Institute for Illinois’ Fiscal Sustainability at the Civic Federation announced its support for Governor Pritzker’s recommended FY2020 budget, because it represents a workable short-term plan to…
Following an unexpected influx of income tax revenues in April 2019, Illinois Governor J.B. Pritzker has dropped a controversial proposal to delay funding for the State’s financially troubled pension funds. The pension holiday, proposed…
Governor J.B. Pritzker’s first budget proposal for the State of Illinois faced major challenges, including an operating deficit that the new administration estimated at…
In light of Springfield’s past bad practices, group also cautions against gimmicks, pitfalls (CHICAGO) – In a report released today, the Civic Federation’s Institute for Illinois’ Fiscal Sustainability has proposed a multi-year plan to…
The following blog post examines the possibility of the City of Chicago starting a public bank. It is intended for informational purposes only. The Civic Federation has not taken a position on the idea, which has been discussed during the…
This article discussed Chicago Public Schools' $324 million surplus for fiscal year 2018, its first budget surplus in three years. Civic Federation President Laurence Msall said that the surplus is a positive sign and a result of the…
The Illinois General Assembly passed a budget for fiscal year 2019 on May 31, 2018 and Governor Rauner signed it into law on June 4, 2018. The Institute for Illinois' Fiscal Sustainability has since then continued to analyze the enacted…
