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Government Budgets

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The FY2021 Capital Budget Enacted by the General Assembly

The General Assembly enacted an approximately $49.2 billion capital budget on May 24, 2020.[1] Spending proposed in the capital budget includes funding from the State, grants from the federal…

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City of Chicago Releases Projection of FY2020 Revenue Shortfall Due to COVID-19

The City of Chicago recently released its Budget Forecast for FY2021, which provides financial estimates for the City’s…

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Chicago Public Schools Budget Progress in Jeopardy due to COVID-19

In a recent analysis of the Chicago Public Schools FY2021 budget, the Civic Federation supported the District’s proposed $8.4 billion budget. However, the Federation expressed serious…

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Chicago Public Schools FY2021 Proposed Budget: Analysis and Recommendations

Click here to read the full report. Click here to read the…

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CTA Amends FY2020 Budget Due to COVID-19

On August 12, 2020 the Chicago Transit Authority (CTA) approved Ordinance 020-070 amending its FY2020 budget to incorporate $690.1 million of the CARES…

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CARES Act Distribution and its Discontents

As state and local governments…

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States Beg, Borrow and Cut to Cope with Pandemic-Wracked Finances

The COVID-19 pandemic has had a devastating impact on state budgets, with tax revenue shortfalls estimated to total about $200 billion for fiscal years 2020 and 2021 compared with initial projections.…

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Federal Relief Funding to Chicago Public Schools, Now and Then

In March Congress passed the $2.2 trillion CARES Act, the third federal coronavirus relief act, which among many…

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Cook County’s FY2020 and FY2021 Budget Forecasts Significantly Impacted by COVID-19

On June 26, 2020, Cook County Board President Toni Preckwinkle issued a preliminary budget forecast for fiscal year 2021,…

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City Colleges Releases FY2021 Capital Budget

City Colleges of Chicago released its tentative FY2021 operating and capital budgets on June 23, 2020. The total…