Largely due to the income tax increase that took effect in January 2011, the State of Illinois’ operating deficit is expected to shrink from $3.9 billion in FY2011 to $454 million in FY2012. However, as…
Two months after the start of the State of Illinois’ 2012 fiscal year on July 1, 2011, Governor Pat Quinn has proposed the closure of seven state facilities and the layoff of more than 1,900 employees in order to cope with a funding…
This article discusses the Civic Federation’s analysis of Chicago Public Schools’ FY2012 budget proposal. The Civic Federation supports the proposal, albeit with concerns over the long-term health of the District’s finances.
In this news segment about a possible lengthening of the school day at Chicago Public Schools, Civic Federation President Laurence Msall says he is impressed that CPS found the funds to offer teachers a 2% pay increase in exchange for…
This story discusses plans by Chicago Police Superintendent Garry McCarthy to cut police vacancies to help the City of Chicago with its budgetary problems. The Civic Federation applauds the proposal, which follows recommendations made by…
The State of Illinois still owes income tax refunds to many businesses, but the backlog declined in the fiscal year ended June 30, 2011 and is expected to dip further this year. According to the Illinois Department of Revenue, 4,569…
Illinois’ Personal Property Replacement Tax (PPRT) is a revenue source for local governments that was created by the General Assembly…
On Monday the Civic Federation released its analysis of Chicago Public Schools $5.9 billion FY2012 budget…
This article discusses the Civic Federation’s support for Chicago Public Schools $5.9 billion FY2012 budget…
This article is about the Civic Federation’s analysis of Chicago Public Schools $5.9 billion FY2012 budget…
