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Government Budgets

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Cook County Issues $500 Million In Bonds In January 2021

In January 2021, Cook County issued $499.8 million in general obligation and revenue bonds. A total of $330.5 million was issued by the County in Series 2021A general obligation refunding bonds. These bonds will be used to refund the…

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Cook County Preliminary Year-End Budget Results for FY2020

Despite large revenue losses associated with the economic downturn caused by COVID-19, Cook County’s preliminary 2020 budget results for the fiscal year that ended on November 30, 2020 show a positive year-end balance. Based on the…

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Civic Federation Calls on Governor Pritzker to Veto House Bill 2451

On January 21, 2021, the Civic Federation sent the following letter to Illinois Governor JB Pritzker, urging him to veto…

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Chicago Transit Authority 5-Year Capital Plan Totals $3.4 Billion

The Chicago Transit Authority (CTA) released a $3.4 billion, five year FY2021-FY2025 capital plan in October 2020. The CTA prepares a…

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Illinois Expects to Spend Its Entire Coronavirus Relief Allocation

UPDATE: The $900 billion relief bill passed by Congress on December 21 did not provide more financial assistance for state and…

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City Continues to Move Forward with O'Hare Modernization Plan

This blog post provides an update on the status of the City of Chicago’s O’Hare International Airport $8.5 billion modernization project in 2020. The COVID-19 pandemic has seriously depressed air traffic around the world, reducing airline…

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City of Chicago Releases $11.7 Billion, Five-Year Capital Plan

On November 18, 2020, the City of Chicago released a multi-year capital plan for FY2021 through FY2025. The plan totals $…

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With Revenue Projection Up, Illinois Still Faces Daunting Budget Challenges

Illinois has lost less tax revenue than expected this year due to the COVID-19 pandemic, but the State still faces a significant budget gap, according to the latest official projection. The Governor’s annual…

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Cook County FY2021 Executive Budget Recommendation: Analysis and Recommendations

Click here to read the full report. Click here to read a press release for…

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City of Chicago FY2020 Year-End Revenue Projections

The City of Chicago expects year-end general operating revenues to be 20.6% below budget by the end of the current 2020 fiscal year, according to the City’s FY2021…