Government Budgets

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Video Poker a Gamble for Capital Funding

The surprise expansion of gambling to all corners of Illinois in the form of legalized video poker that was enacted by the General Assembly has not been well received by many residents or local governments. A recent poll conducted by the…

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Use of Education Stimulus Money in Illinois Raises Concerns

A new report from the U.S. Government Accountability Office (GAO) says that more information is needed to determine whether local school districts that receive federal stimulus money…

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The Check is (Not) in the Mail

The Governor’s office recently published its first official document that included details of the revenues and expenditures approved by the General Assembly for FY2010 fiscal year. The Official Statement accompanying the sale of $1.25…

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Governor Closes Howe Center Despite Union Opposition

Governor Pat Quinn has decided that the State of Illinois will shut down its troubled Howe Developmental Center in Tinley Park and move residents to other quarters by April 2010. The decision,…

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The Chicago Board of Education has approved a $5.3 billion operating budget

In this segment on the City Room news program, Civic Federation Vice-President Lise Valentine is interviewed about the Federation’s support of the Chicago Public Schools FY2010 operating budget. Ms. Valentine also points out that CPS must…

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A Consumer’s Guide to the Illinois State Sales Tax Increase

Starting today, increases in the taxation rates on soft drinks, personal grooming and hygiene products, and candy will take effect to help pay for…

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Civic Federation Supports Prudent FY2010 Chicago Public Schools Budget

CHICAGO -- Citing reasonable measures taken by Chicago Public Schools to balance its $6.9 billion budget, the Civic Federation announced its support of the District’s FY2010 spending plan today. The District has cut personnel and proposed…

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Chicago Public Schools FY2010 Recommended Budget: Analysis and Recommendations

The Civic Federation supports the $6.9 billion Chicago Public Schools FY2010 proposed budget. The District employed reasonable measures to balance its budget in light of a $473 million deficit, including cuts to personnel and a proposed…

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Tip of the Iceberg

Today the Civic Federation released its analysis of Chicago Public Schools’ proposed FY2010 budget. On page 61 of the…

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What has Chicago done with the Billions of Dollars in Long Term Asset Lease Proceeds?

Since 2004, the City of Chicago has transacted three major long term asset leases worth over $3.5 billion. The Chicago Skyway (2004) – A 99-year lease with Cintra-Macquarie with a transaction value of $1.83 billion. Downtown…