CPS is balancing its budget in FY2015 in large part by shifting the time period used to report revenues from 30 to 60 days. This will allow the District to access $648.0 million in revenues that it would not otherwise have been able to use…
Less than a month into the new fiscal year, which began on July 1, Standard and Poor’s announced that the financial outlook for the State has…
This column discusses the Civic Federation’s analysis of the FY2015 Chicago Public Schools budget. The Civic Federation could not support the budget because it…
This article looks at the Chicago Public Schools FY2015 budget in advance of the Board of Education’s July 23 budget hearing. It discusses the Civic Federation’s…
This article discusses Chicago Public School’s FY2015 budget, which the Board of Education is expected to approve at a July 23 hearing. The Civic Federation’s recent…
In an analysis released today, the Civic Federation announced that it cannot support the Chicago Public Schools’ (CPS) short-sighted FY2015 budget because it does nothing to address the District’s grave fiscal crisis. The proposed $6.8…
The Civic Federation does not support Chicago Public Schools proposed $6.8 billion budget for FY2015. The short-sighted budget does nothing to address the District’s grave fiscal crisis and is balanced only by an accounting maneuver that…
This article details a decade of leases, deals and debts related to Millennium Park—a park originally envisioned as a $150 million open green space that would be no cost to taxpayers. The Civic Federation said the lack of financial…
The Civic Federation supports the City Colleges tentative FY2015 budget totaling $723.5 million for reflecting the District’s continued commitment to sound financial practices and prudent planning. The FY2015 tentative budget holds the…
District continues dramatic improvement of its financial practices, planning In an analysis released today, the Civic Federation supports the City Colleges of Chicago’s proposed FY2015 budget of $723.5 million which reflects the District’…
