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Government Budgets

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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…

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Cook County Forest Preserve District 2024 Budget Benefits from Influx of Property Tax Revenue from 2022 Referendum

The Forest Preserve District of Cook County adopted its FY2024 budget on November 14 for the fiscal year beginning January 1. This is the second annual budget that is supported by a…

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Chicago Transit Authority Approves $2.0 Billion Budget, Faces 2026 Fiscal Cliff

This blog post presents an overview of the Chicago Transit Authority (CTA) FY2024 operating budget. The CTA’s fiscal year is January 1…

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National Report Presents Tools for Sustainable State Budgeting

Federal pandemic assistance provided to states through the Coronavirus Aid, Relief and Economic Security (CARES) Act and American Rescue Plan Act (ARPA) contributed to budget surpluses for many states, which were used for a mix of one-time…