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