Government Budgets

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Bonds This Week, Budget Next Week

This article examines the City of Chicago’s issuance of bonds ahead of a vote on the City’s FY2012 budget proposal. The article also cites the Federation’s analysis of the proposal.

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Practical Cuts Must Be Made to Chicago Services, Including Library Funding: Renda

This editorial segment discusses cuts that could be made to the City of Chicago budget to fill a $635 million deficit. It mentions the Civic Federation’s support of the City’s FY2012 budget proposal because the proposal made significant…

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Civic Federation 2012 Legislative Priorities

The Civic Federation's legislative priorities for 2012 include public pension reform, requiring the State of Illinois to develop and implement a capital improvement plan, dissolving the Illinois International Port District, creating a new…

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State Considers Eliminating Bonus Depreciation

A proposed package of tax incentives currently being considered by the Illinois General Assembly includes eliminating tax relief known as “bonus depreciation” already provided to businesses for 2011 through a federal tax change that the…

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CTA Balanced Budget Contingent on Labor Negotiations

The Chicago Transit Authority Board will vote on CTA President Forrest Claypool’s FY2012 Budget Recommendations on November 15, 2011. The proposed $1.2 billion operating budget closes a preliminary budget shortfall of approximately $277…

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Civic Federation: CTA Budget Continues Difficult Process of Improving Financial Condition; No Fare Hikes, Service Cuts Contingent on Labor Changes

The Civic Federation supports the proposed FY2012 Chicago Transit Authority budget of $1.2 billion because it will set the agency on a more sustainable path. The spending plan will also avoid fare hikes or service cuts if labor unions and…

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Budget Reform Panel Issues Report and Recommendations

The State of Illinois’ new commission tasked with improving the State’s budget process recently…

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Chicago Transit Authority President’s Proposed FY2012 Operating Budget: Analysis and Recommendations

The Civic Federation supports the FY2012 proposed Chicago Transit Authority budget of approximately $1.2 billion because it ends the past practice of using capital funds to close operating gaps and maintains current fare and service levels…

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Analysis shows Chicago mayor’s budget would reduce deficit

This news story examines the Civic Federation’s analysis of Mayor Rahm Emanuel’s FY2012 $6.3 billion budget…

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Civic Federation praises, dings Emanuel’s first budet

In this blog post, Crain’s columnist Greg Hinz discusses the Federation’s analysis of the City of Chicago FY2012…