Nearly all indicators point to positive economic growth in the State of Illinois for the fifth consecutive year in 2015 but due to a change in income tax rates, State government finances remain in crisis. In a…
This article reviews the initiatives of Chicago Mayor Rahm Emanuel during his first term in office. On the topic of City finance, the City’s general obligation debt has grown at a slower rate under his administration but some existing debt…
(The full content of this article is only available to the publication’s subscribers.) This article discusses the Civic Federation’s FY2015 Cook County Budget analysis. The Civic Federation supports the budget for closing a $168.9 million…
Full Report Discusses Recent Progress, Fiscal Uncertainty Ahead In a report released today, the Civic Federation supports Cook County’s proposed FY2015 operating budget of $3.7 billion and praises the work of Board President Preckwinkle…
The Civic Federation supports Cook County’s proposed FY2015 operating budget of $3.7 billion for holding the property tax levy relatively flat and not including any new fines or fees. Instead, a $168.9 million shortfall is closed…
This article discusses the Civic Federation’s analysis of the FY2015 City of Chicago budget. The Civic Federation supports the budget for its structural…
When the Illinois Jobs Now! capital spending program was approved in 2010 the State also approved a series of dedicated revenue sources intended to fund new borrowing costs outside the State operating budget. As previously sold capital…
Recent Progress Threatened by Pension Funding Crisis, Borrowing for Operations In a report released today, the Civic Federation announced its support for the City of Chicago’s proposed FY2015 operating budget of $7.3 billion but expressed…
The Civic Federation supports the City of Chicago's proposed $7.3 billion budget because it reflects both reasonable structural changes and significant actions toward long-term stability, including the 2014 pension reform law for the City'…
As previously discussed here, the enacted FY2015 budget for the State of Illinois includes several budgetary gimmicks intended to make up for the loss of revenues…
