Government Budgets

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Chicago Charter Schools Together Show Good Fiscal Health

(CHICAGO) A first-ever independent analysis of Chicago charter school finances by the Civic Federation has found that most of the schools were in good financial health during the 2007 and 2008 fiscal years. As a group Chicago charters also…

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A Financial Analysis of the Chicago Charter Schools: A Financial Indicator Analysis and Primer

This 170-page report is a comprehensive examination of Chicago charter school finances and financial performance in fiscal years 2007 and 2008. The primary purpose is to provide a first-ever financial analysis of Chicago’s charter schools…

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Report: State deficit to hit $8 billion

This article about IIFS' analysis of the State of Illinois FY2012 enacted budget focuses on the dismal fiscal outlook for…

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Watchdog: State deficit to grow to $5 billion

This article discusses IIFS' analysis of the State of Illinois FY2012 enacted budget and explains the effect the State's…

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Illinois going deeper into debt despite tax hike, Civic Federation says: Greg Hinz

In this article, Crain's columnist Greg Hinz discusses findings in IIFS' analysis of the State of Illinois FY2012 enacted…

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17.4% of Illinois general fund goes to pension costs, report says

This article discusses IIFS' analysis of the State of Illinois FY2012 enacted budget and focuses on the amount the State…

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Cook County FY2012 Budget Process

Cook County’s fiscal year begins on December 1 and ends on November 30. The Civic Federation believes that all governments should adopt a budget at least one month in advance of the start of the fiscal year. For the County, that would be a…

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State of Illinois Enacted Budget FY2012: A Review of the Operating and Capital Budgets Enacted for the Current Fiscal Year

This report examines the State of Illinois’ operating and capital budgets as enacted for Fiscal Year 2012, which began on July 1, 2011 and ends on June 30, 2012. Despite a major income tax increase implemented in January 2011, the total…

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Total Illinois Budget Deficit Set to Grow in FY2012

Major Tax Increase, Cuts to Appropriations Did Not Fix State’s Finances (CHICAGO) The Institute for Illinois’ Fiscal Sustainability at the Civic Federation released its analysis of the enacted FY2012 State budget today. The report found…

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Tax Expenditures Cost State of Illinois $6.6 Billion in FY2010

The Illinois State Comptroller’s Office recently issued its annual report on tax expenditures. The report is published pursuant…