This article covers the July 31 release of the City of Chicago’s annual financial analysis, which projects a $1 billion deficit in 2015 if the City’s pension funds aren’t stabilized by major reforms. The Civic Federation said it would be…
On this segment, Civic Federation President Laurence Msall discussed the consequences of a triple credit rating downgrade the City of Chicago received from Moody’s Investors July 18. The downgrade will make it more expensive for the City…
This article discusses Chicago Public Schools’ plan to use $700 million in reserve funds in order to fill a $1 billion deficit in FY2014. The Civic Federation opposed the FY2013 CPS budget for…
The following opinion piece by Civic Federation President Laurence Msall was published by…
An increase in the cigarette tax increase designed to provide additional funding for the Illinois Medicaid program generated more revenues than expected despite a drop in sales and hoarding of tax stamps prior to the effective date of the…
(The full content of this article is only available to the publication’s subscribers.) This article covers the Civic Federation’s analysis of the City Colleges FY2014 tentative…
Charged with finding a solution to the State of Illinois’ pension crisis, a legislative conference committee is considering a reform framework proposed by public university presidents. The central feature of the…
This article summarizes the Civic Federation’s support for the City Colleges FY2014 tentative budget. The budget holds the property tax levy flat, reduces unrestricted…
The Civic Federation supports the City Colleges tentative FY2014 budget totaling $657.0 million for continuing the District’s exemplary work to improve its financial and operational health. The FY2014 proposed budget holds the property tax…
