Government Budgets

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CPS finances will be worse next year

In this segment, Civic Federation President Laurence Msall discusses the findings of the Federation’s FY2014 Chicago Public Schools Budget Analysis. The Civic Federation…

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Editorial: Teacher pensions have to take a hit

This editorial discusses the need for pension reform for Chicago Public Schools and District officials’ failure to detail a pension plan. The editorial cites the Civic Federation’s…

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Lack of pension fix jeopardizes Chicago school finances

This article covers the release of the Civic Federation’s FY2014 Chicago Public Schools Budget Analysis. The Civic Federation did not support the budget, which completely…

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CPS finances worse despite school closures, Civic Federation says

This article discusses key findings from the Civic Federation’s FY2014 Chicago Public Schools Budget Analysis. The District’s financial situation continues to deteriorate…

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Cook County Health System FY2014 Budget Tied to CountyCare

UPDATE: On August 23, 2013, the preliminary FY2014 budget of the Cook County Health and Hospitals System was unanimously approved by the Health System's Board of Directors. The Cook County Board is expected to vote on the plan in October.…

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State Funding for Chicago Public Schools

At the end of the month, the Board of Education for Chicago Public Schools will vote on the District’s $5.6 billion operating budget for FY2014. The total budget of $6.6 billion is supported by local, state and federal revenues and other…

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Chicago Public Schools FY2014 Proposed Budget: Analysis and Recommendations

The Civic Federation does not support the Chicago Public Schools (CPS) proposed $6.6 billion operating budget for FY2014, which completely draws down unrestricted reserve funds and uses some restricted reserves to close a $977 million…

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Pain of FY2014 CPS Budget Reflects District's Failure to Push Pension Reform

(CHICAGO) In an analysis released today, the Civic Federation withholds support for the Chicago Public Schools (CPS) proposed $6.6 billion budget for FY2014, which closes a $977 million budget deficit with a complete drawdown of…

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Cook County Estimates for Special Revenue Funds: $200.2 Million in FY2014 Resources

On June 27, 2013, Cook County Board President Toni Preckwinkle released a report on preliminary budget estimates for fiscal year 2014, which begins on December 1, 2013 and ends November 30…

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City Releases 2013 Annual Financial Analysis: Faces $338.7 Million FY2014 Budget Gap, $1.0 Billion FY2015 Budget Gap

Last week the City of Chicago released its Annual Financial Analysis for 2013. According to an…