09.03.10
To help the public gain a better understanding of its 2011 preliminary budget and funding programs, the Regional Transit Authority is hosting two free “webinars” on September 16 and September 22. The webinars will allow the public to attend the...
09.03.10
Earlier this week the Institute for Illinois’ Fiscal Sustainability at the Civic Federation released a comparative analysis of the cost...
09.01.10
The Metropolitan Water Reclamation District recently announced that it is facing a $24 million budget deficit for FY2011.
After hearing a report of the FY2011 budget and the grim financial projection at a...
08.30.10
This issue brief provides a comparative analysis of the cost of the $9.6 billion in bonds the State of Illinois issued between September 2009 and July 2010. The report estimates that Illinois...
08.27.10
A recent report shows that nearly all the bond subsidies promised under the Build America Bond (BAB) program are being paid by the federal government to issuers applying for the credit without significant administrative delay. The BAB subsidy, equal to 35% of the interest cost of qualified...
08.25.10
On Monday the Civic Federation released its analysis of the Chicago Public Schools FY2011 proposed budget . The Federation supported the $6.5 billion spending plan...
08.24.10
The following letter to the editor of the Chicago Tribune from Civic Federation President Laurence Msall was published on August 24, 2010.
As a non-partisan, independent government research organization, the Civic Federation applauds R. Eden Martin, the Commercial Club and the Chicago...
08.23.10
This report compares effective property tax rates in selected communities around metropolitan Chicago and finds that while all communities’ effective tax rates increased in 2008, rates have...
08.23.10
The Civic Federation supports the Chicago Public Schools proposed $6.5 billion budget for FY2011, which is a reduction of 5.9% or $402.3 million from the proposed FY2010 budget. The proposed...
08.19.10
It’s no secret that the financially troubled State of Illinois owes billions of dollars in unpaid bills. What is not as widely known is that the State also owes $730 million in corporate income tax refunds, according to the Illinois Department of Revenue.
Unlike unpaid bills,...
