07.08.16
On June 30, 2016, Cook County Board President Toni Preckwinkle issued a preliminary budget for fiscal year 2017 , which begins December 1, 2016 and ends November 30, 2017. The report also provided end of year...
07.08.16
On June 30, 2016, Cook County Board President Toni Preckwinkle issued a preliminary budget for fiscal year 2017 , which begins December 1, 2016 and ends November 30, 2017. The report also provided end of year...
07.07.16
The Civic Federation supports the City Colleges of Chicago’s proposed FY2017 operating budget. The $523.7-million budget is a reasonable plan given the unprecedented uncertainty surrounding...
07.01.16
After a yearlong stalemate, the State of Illinois finally saw a crack in its ongoing budget impasse on the last day of the fiscal year. The General Assembly rushed approval of bills authorizing a full year of preschool through high school education funding, including additional assistance for...
06.03.16
One year after passing the Illinois General Assembly, a bill that puts the City of Chicago’s Police and Fire pension funds on a 40-year plan to reach 90% funding has become law . Illinois Governor...
05.13.16
The Chicago Public Schools faces a potentially devastating financial crisis. The elements of this crisis include:
An FY2016 budget that was not balanced as it depended on the vague hope that the State of Illinois will provide $480 million for pension relief, A forthcoming FY2017 budget that...03.31.16
On March 24, 2016 the Illinois Supreme Court filed its opinion affirming the Cook County Circuit Court’s...
01.28.16
Short-term or current liabilities are financial obligations that must be satisfied within one year. They can include short-term debt, accounts payable, accrued payroll and other current liabilities.
This blog post presents five-year trends for: 1) total short-term liabilities in the...
12.18.15
FY2016 Budget Season Summary
December 3, 2015 marked the end of the budget season for the eight local governments monitored by the Civic Federation. These governments include: the City Colleges of...
12.11.15
Popular Annual Financial Reports: The Potential for Increased Transparency, Accountability and Public Inclusion
The Civic Federation has long encouraged government transparency and accountability, both of which are emphasized in our Mission...
12.03.15
The Civic Federation Supports the Metropolitan Water Reclamation District’s tentative budget of $1.21 billion for being reasonable and balanced while maintaining ample reserves and for its...