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Government Budgets

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Chicago's FY2014 Budget an Urgent Reminder of Need for Pension Reform

Pension Contribution Increase in FY2015 Threatens to Derail Fiscal Progress In a report released today, the Civic Federation announced its support for the City of Chicago’s proposed $7.0 billion budget as a reasonable short-term plan that…

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City of Chicago FY2014 Proposed Budget: Analysis and Recommendations

The Civic Federation supports the City of Chicago’s proposed $7.0 billion budget as a reasonable short-term plan that closes approximately two-thirds of a $338.7 million budget gap with structural changes that will continue to reduce the…

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Chicago Transit Authority President's FY2014 Budget Recommendations: Analysis and Recommendations

The Civic Federation supports the Chicago Transit Authority’s (CTA) proposed FY2014 operating budget of nearly $1.4 billion. After two years of difficult but necessary steps to stabilize its operations, the CTA has produced a balanced…

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City of Chicago Fares Poorly Relative to Other Cities in Trend Analysis of Financial Indicators, FY2007—FY2011

A report released today by the Civic Federation uses nine indicators of financial condition to measure the relative financial…

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Indicators of Financial Condition: A Comparison of the City of Chicago to 12 Other U.S. Cities from FY2007 to FY2011

This report uses nine indicators of financial condition to measure the relative financial performance of Chicago and 12 other major U.S. cities from FY2007 to FY2011. In addition to Chicago, the other cities analyzed were Baltimore, Boston…

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Forest Preserve District Budgetary Achivements Threatened by Declining Health of Pension Fund

In a report released today, the Civic Federation supports the $178.8 million FY2014 budget proposed by the Forest Preserve District of Cook County. The budget holds the property tax levy flat and maintains substantial reserve funds.…

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Forest Preserve District of Cook County FY2014 Executive Budget Recommendation: Analysis and Recommendations

The Civic Federation supports the Forest Preserve District of Cook County’s FY2014 proposed $178.8 million budget that holds the property tax levy flat and maintains substantial reserve funds. However, the Federation warns that these…

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Pensions, Deficits Loom for Cook County, Ill.: Watchdog Group

(The full content of this article is only available to the publication’s subscribers.) This article covers the release of the Civic Federation’s FY2014 Cook County Budget…

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New Preckwinkle budget counts on Obamacare, but not new taxes

This article covers Cook County Board President Toni Preckwinkle’s October 10 address presenting her FY2014 recommended budget to the Cook County Board. The Civic Federation was supportive of initial details of the budget announcement…

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Reagan Revolution Misses Tax Fiefdoms Flourishing in U.S.

This article looks at the nationwide increase of local governments and special taxing districts, focusing on Illinois’ 7,000 units of government. The Civic Federation urges greater oversight and consolidation of Illinois’ local governments…