Government Budgets

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Cook County's FY2018 Revenue Crisis: Opportunities for Savings

Click here to read this issue brief. With a projected $200 million loss in revenue for fiscal year 2018 due to the recent repeal of…

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Coverage on the City of Chicago FY2018 Budget Release

Following Mayor Rahm Emanuel’s FY2018 budget address, Civic Federation President Laurence Msall spoke with a pool of reporters on the City of Chicago’s finances. He said the Mayor’s budget is a reasonable plan that can move the City…

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Governor’s Report Shows $1.5 Billion Budget Deficit in FY2018

When the Illinois General Assembly overrode Governor Rauner’s veto of the FY2018 budget package in July, it estimated that the enacted budget would have an operating surplus of about…

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Is the State of Illinois’ FY2018 Budget Balanced?

For nearly two months, the fate of Illinois’ budget for the current fiscal year was in doubt because of Governor Bruce Rauner’s veto of a…

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What the New Illinois School Funding Formula Means for Chicago Public Schools

After several iterations and much disagreement, the State of Illinois now has a new statewide school funding formula. The Illinois General Assembly approved the new formula as Senate Bill 1947, House Floor Amendment 5 on August 29, with…

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Will Illinois borrow to pay off the backlog?

Seven weeks after the General Assembly enacted Illinois’ first budget in three years by overriding the Governor’s veto, the backlog of bills owed by the State still stood at…

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Civic Federation Opposes Shortsighted CPS Budget

Analysis details concerns, recommendations and alternative paths forward    (CHICAGO) In a report released today, the Civic Federation announced it opposes the Chicago Public Schools proposed FY2018 operating budget of $5.7…

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Chicago Public Schools FY2018 Proposed Budget: Analysis and Recommendations

Click here to read the full report. The Civic Federation opposes the Chicago Public Schools’ proposed $5.7 billion operating…

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Amid warning signs, City Colleges freezes tuition and property taxes

This article discusses recommendations from the Civic Federation’s analysis of City Colleges of Chicago’s FY2018 budget proposal. As mentioned in the analysis, the…

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Veto of SB1 Leaves School Funding In Doubt

After two years with no complete budget except for public school funding, Illinois now faces the prospect of beginning the 2017-18 school year with a budget for everything except schools. On August 1 Governor Rauner issued an…