City Colleges of Chicago released its tentative FY2021 operating and capital budgets on June 23, 2020. The total budget is proposed to be $441.0 million. This a 1.5%, or $6.6 million decrease from the FY2020 budget of $447.6 million. This blog presents highlights of the City Colleges FY2021 $29.0 million capital budget program and its long-term liabilities. City Colleges prepares a capital…
Click here to read the full report. Click here to read the press release for this analysis. SUMMARY The Civic Federation supports the City Colleges of Chicago FY2020 Tentative Annual Operating Budget totaling $447.5 million, but has concerns about the future fiscal stability of the District. The District is still recovering from the two-year State budget impasse that severely underfunded…
2019 Civic Federation Legislative Priorities The Civic Federation's legislative priorities for 2019 include public employee pension reforms, consolidation of local government units in Illinois, enacting policies to rationalize the property tax system, creation of a Local Government Protection Authority, requiring the State of Illinois to…
Annually the Civic Federation completes an analysis of the proposed budget of the City Colleges of Chicago. The Federation’s latest analysis of the City Colleges budget can be found here. This blog post expands on the Civic Federation’s analysis of City Colleges of Chicago by taking a look at the revenues and expenditures of all the public community colleges in Illinois, as well as a comparison…
Click here to read the full report. The Civic Federation supports the City Colleges of Chicago’s proposed FY2019 operating budget. The $436.1 million budget is a prudent plan to continue to stabilize the District’s finances following the second full year of State funding since fiscal year 2015. As detailed in the report, the District will modestly increase its property tax levy and…
On April 5, 2018 the City Colleges of Chicago Board of Trustees unanimously approved Board Resolution 33420, which changes the tuition rate from a tier-based rate structure to a hybrid tuition rate structure. Beginning with the summer 2018 semester, part-time students enrolled in fewer than 12 credit hours will be charged on a per-credit hour based rate structure and full-time students enrolled…
Click here to read the full report. The Civic Federation supports the City Colleges of Chicago’s proposed FY2018 operating budget. The $442.6 million budget is a prudent plan to begin to stabilize the District’s finances following an unprecedented two-year State of Illinois budget impasse that severely impacted institutions of higher learning. As mentioned in the full report, the District is…
As the State of Illinois approaches two full years without enacting a comprehensive state budget, local governments have been forced to make difficult financial decisions to continue operating during these uncertain times. City Colleges of Chicago has received only a quarter of its funding from the Illinois Community College Board during the last two fiscal years, along with reduced MAP Grant…
The Civic Federation recently released its analysis of the City Colleges of Chicago FY2017 Tentative Annual Operating Budget. This blog examines City Colleges of Chicago tuition rate changes for in-district, out-of-district and out-of-state tuition rates per semester hour over a ten year period. This blog also compares City Colleges of Chicago in-district tuition rates with the in-district rates…
The Civic Federation supports the City Colleges of Chicago’s proposed FY2017 operating budget. The $523.7-million budget is a reasonable plan given the unprecedented uncertainty surrounding funding from the State of Illinois as it enters a second year without enacting a comprehensive balanced state budget. In FY2017 the District is not planning to increase its property tax levy or tuition rates…
