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Emanuel's City Colleges tuition changes will drive up costs for some

This article discusses a shift by City Colleges of Chicago to a flat-rate tuition structure that would take effect as of the fall 2015 semester. It cites the Civic Federation’s…

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Tuition increases coming for Chicago's City Colleges

This radio segment reviews the new flat-rate tuition structure being introduced by City Colleges of Chicago ahead of the fall 2015 school year. The Civic Federation said in its…

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Civic Federation Supports City Colleges' FY2016 Budget

Proposal Holds Property Tax Levy Flat and Introduces Flat-Rate Tuition Structure In an analysis released today, the Civic Federation supports the City Colleges of Chicago’s proposed FY2016 operating budget of $695.6 million because it…

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City Colleges of Chicago FY2016 Tentative Budget: Analysis and Recommendations

The Civic Federation supports the City Colleges tentative FY2016 budget totaling $695.6 million because it continues to minimize the financial burden placed on taxpayers by avoiding a property tax increase at a time when other local…

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How much could Chicago pension payments jack up your property tax bill? Try 30 percent

This article discusses the potential for Chicago residents to see a significant property tax increase, due to the intensifying financial challenges facing the City of Chicago and Chicago Public Schools. The Civic Federation said new…

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Chicago schools face $200 million in cuts

This segment covers the severe budget challenges facing Chicago Public Schools that were further exacerbated following a $634 million pension payment made June 30. The Civic Federation said CPS has been facing a structural deficit for…

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A look at Chicago's financial crisis over schools

This segment covers the $634 million pension payment made in full by Chicago Public Schools on June 30, which put added pressure on District’s already …

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Can Illinois Produce More Revenue? Legislators Say YES

This segment covers a community forum in which certain Illinois legislators said the State has more options for increasing revenue. Senator Pat McGuire cited the Civic Federation’s…

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Chicago Schools Seen as City’s Next Hurdle as Pension Bill Looms

This article discusses the difficult financial choices Chicago Public Schools is facing as it approaches a $634 million pension payment due June 30 and a $1.1 billion deficit for the fiscal year beginning July 1. The Civic Federation said…

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City Council Approves Major Debt Restructuring and Future Capital Borrowing

On June 17, 2015 the Chicago City Council approved the largest borrowing of Mayor Rahm Emanuel’s tenure, totaling $1.1 billion. The issuance pays for the current costs of refinancing the City of Chicago’s variable rate debt, ending its…