Chicago Public Schools

January 11, 2012

Unfunded Public Pension Liabilities per Chicagoan: $14,896

Data from the most recent audited financial statements of Illinois’ state and local government pension funds shows that the total unfunded liabilities for public employee pensions supported by the taxes of Chicago residents reached $14,…

December 29, 2011

IIFS Blog Provided Timely Analysis of 2011 State of Illinois Fiscal Developments

In 2011 the IIFS blog provided weekly context, information and perspective on key fiscal issues in the State of Illinois. Posts in 2011 focused on analysis of FY2012 Illinois budget negotiations, analysis of the ongoing Illinois pension…

December 14, 2011

Local Government Fiscal Year 2012 Budget Analysis Summary, Part II

Last week marked the end of the budget season for the nine local governments monitored by the Civic Federation. These governments include: the City Colleges of Chicago, Chicago Public Schools, DuPage County, City of Chicago, Cook County,…

December 9, 2011

Local Government Fiscal Year 2012 Budget Analysis Summary

This week marks the end of the Civic Federation's fiscal year 2012 local government budget analysis season. The nine local governments monitored by the Civic Federation include: City Colleges of Chicago, Chicago Public Schools, DuPage…

October 5, 2011

Civic Federation Publishes Report on Chicago Charter School Finances

On October 4, 2011 the Civic Federation released an independent analysis of Chicago charter school finances…

October 4, 2011

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…

September 22, 2011

2010 Cook County Property Tax Rates Are Out

Cook County Clerk David Orr’s office today released the 2010 Cook County Tax Rates Report. The report lists property tax rates for…

September 7, 2011

Updated Report Explains Effect of TIF on Cook County Local Governments

Today the Civic Federation published an update to its primer The Cook County Property Tax Extension Process: A Primer on Levies…

August 23, 2011

Fund Balance Variance at Chicago Public Schools

On Monday the Civic Federation released its analysis of Chicago Public Schools $5.9 billion FY2012 budget…

August 22, 2011

Chicago Public Schools FY2012 Budget: Analysis and Recommendations

The Civic Federation supports the Chicago Public Schools proposed $5.9 billion budget for FY2012, which is an increase of 1.5%, or $87.0 million, from the year-end estimates of FY2011. The proposed budget is a reasonable short-term plan to…