Government Budgets

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Chicago business counting on Emanuel to deliver

How the administration of City of Chicago Mayor-elect Rahm Emanuel will support Chicago-area business is the focus of this article. The Civic Federation says that the City faces a major challenge in a budget gap of at least $500 million…

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Tax Watchdog Group: State Budget Much Worse Than Quinn Says

In this interview, Civic Federation President Laurence Msall discusses the Federation’s analysis of…

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‘Outsider’ Lois Scott must dig city out of huge budget hole

This article profiles incoming City of Chicago Chief Financial Officer Lois Scott, who has a background in privatization issues. The Civic Federation says that the City should consider privatization of certain assets and services, but…

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Civic Group: Gov. Quinn’s proposed 2012 budget not ‘realistic’

The Civic Federation’s analysis of the State of Illinois FY2012 budget proposal is the focus of this…

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Study: Quinn budget plan shows deficit topping $9 billion

This article discusses the Civic Federation’s analysis of the State of Illinois’ FY2012 proposed budget.

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State of Illinois FY2012 Recommended Operating and Capital Budgets: Analysis and Recommendations

The Civic Federation opposes Governor Pat Quinn’s $52.7 billion FY2012 recommended operating budget for the State of Illinois because it is unbalanced by approximately $2.4 billion and is based on the premise that long-term borrowing is…

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Governor’s Budget Proposes Increased Spending, Artificially Inflated Revenues, Expensive Borrowing; Civic Federation Opposes Unbalanced Budget and Urges Spending Restraint

(CHICAGO) A new report by the Institute for Illinois’ Fiscal Sustainability at the Civic Federation has found that Governor Quinn’s proposed budget is unbalanced by a total of $2.4 billion when artificially inflated revenues of $970.9…

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Profiling Chicago’s Debt Load and Trends

Among the many challenges facing City of Chicago Mayor-elect Rahm Emanuel when he takes office May 16 is the precarious state of the City’s finances. The City has a large and increasing direct debt load that could be a major indicator of…

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Civic Federation President: City Is Near Insolvency CBS Chicago

In this news segment about the City of Chicago's budget troubles, Civic Federation President Laurence Msall explains that the City must make tough choices to create a sustainable budget. Mr. Msall was a guest on WBBM's "At Issue" weekend…

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Illinois’ State Pensions Still Worst Funded

The Pew Center on the States recently released its report card on the health of state pension systems. Just as they were last year, the…