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Government Budgets

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City of Chicago FY2025 Roadmap: Key Financial Challenges, Options and Recommendations

Click here to read the full report.…

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Chicago Public Schools FY2025 Proposed Budget: Analysis and Recommendations

Click here to read the full report.…

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Civic Federation: Chicago Public Schools' Proposed FY2025 Budget Only a Temporary Fix

CPS’ FY2025 proposed budget is incomplete at a time when the District faces enormous fiscal challenges both in the short-term, due to unsettled teacher contracts, and in the long-term given next year’s even-larger fiscal deficit. CPS must…

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Chicago Public Schools' Proposed FY2025 Budget Only a Temporary Fix

In an analysis released today, the Civic Federation expressed significant concern about the escalating fiscal challenges facing Chicago Public Schools as it votes to approve its FY2025…

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The Chicago Community Trust and Civic Federation Host Transit Governance Panel

The Chicago Community Trust and the Civic Federation in partnership welcomed a dynamic moderated panel of regional transit experts at the Federation’s…

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A Refresher on Chicago’s Revenue Options

Eight months after its formation, the Chicago City Council Finance Committee’s Subcommittee on Revenue held its first…

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Civic Federation Commends State's Improved Financial Condition, Urges Cautious Spending and a Sustainable Tax Plan to Prevent Future Structural Deficit

The Civic Federation today released its analysis of the State of Illinois FY2025 proposed budget, finding the State remains in an improved financial shape due to strong revenue performance and effective management. However, the Federation…

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State of Illinois FY2025 Recommended Operating and Capital Budgets: Analysis and Recommendations

Click here to read the full report.…

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Looking Back at Illinois’ Five-Year Fiscal Report Budget Projections Ahead of the Release of the Governor’s Recommended FY2025 Budget

On November 15, 2023, the Governor’s Office of Management and Budget (GOMB) released the …

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How Much Does the Chicago Police Department Actually Spend Each Year?

As part of the total City of Chicago budget adopted for the 2024 fiscal year that began on January 1, the City Council approved a nearly $2.0 billion budget for the Chicago Police Department (CPD). The Police Department budget represents…