This article discusses City of Chicago Mayor Rahm Emanuel’s warnings about the City’s FY2012 budget deficit, projected at $635.7 million. The article notes that the deficit figure does not include pension system shortfalls, which could add…
This news segment examines the work that lies ahead for City of Chicago Mayor Rahm Emanuel as he finds ways of plugging the City’s projected $600 million budget gap for next year. Civic Federation President Laurence Msall says that the…
This article discusses Cook County Board President Toni Preckwinkle’s warnings about the County’s $315 million budget gap, which includes the possibility of layoffs and cuts. The Civic Federation says it supports Board President…
This news segment discusses the likelihood of layoffs and deep cuts in Cook County Board President Toni Preckwinkle’s FY2012 preliminary budget for the County. Civic Federation President Laurence Msall says that closing the County’s $317…
The June 2011 edition of Government Finance Review features “The Chicago Experience: a P3 Checklist,” co-authored by Civic Federation President Laurence Msall and…
Governor Pat Quinn’s plan to cancel pay raises for State of Illinois unionized workers due to insufficient funds in the FY2012 budget has hit a major hurdle. The plan, which would have affected 30,000 members of Council 31 of the American…
In many of its past reports, the Civic Federation has recommended that local governments integrate performance management into their budgeting process and make that information public. In the…
After two consecutive years of losses, the State of Illinois is reporting moderate growth in sales tax revenue for FY2011, which ended on June 30, 2011. Not only did sales tax revenue collected by the State grow but it also beat the…
The Civic Federation supports the City Colleges FY2012 tentative budget totaling $651.5 million, an increase of $69.6 million, or 12.0%, over the adopted FY2011 budget. Unrestricted operating funds, the portion of the budget over…
The Civic Federation announced today its support for the City Colleges of Chicago proposed FY2012 operating budget of $651.5 million. The Federation supports the budget because it exercises fiscal restraint and follows many of the…
