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FY2016

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CPS' billion-dollar budget hole leaves unappealing options

This article examines the options available to Chicago Public Schools as it faces a $1 billion budget shortfall next year with little to no reserve funds. As…

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State Construction and Local Tax Funds Allocated for Illinois Operating Budget

A week after passing legislation to address a $1.6 billion budget deficit before the end of the fiscal year in June, the State swept $300 million into its operating accounts from funds designated to pay for annual transportation…

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Rauner pension math would mean big cuts for current state employees

This column discusses Governor Rauner’s pension reform proposal which accounts for $2.2 billion of the projected savings in his …

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Illinois Governor Proposes ‘Hard Freeze’ of Pension Benefits

Governor Bruce Rauner’s recommended budget for fiscal year 2016 includes a new plan for reducing the State…

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Rauner plan could cost suburbs 25% of reserves

This article analyzes the health of the financial reserves of 90 northeastern Illinois suburbs in response to Governor Rauner’s FY2016 budget proposal that included reducing municipalities’ shares of State Income Tax revenues. The Civic…

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Governor Proposes Shifting Capital Funding For Delayed Maintenance

Alongside his first operating budget proposed for the State of Illinois, Governor Bruce Rauner also recommended a capital budget for FY2016 that proposes shifting previously vetoed spending authority to pay for delayed maintenance at State…

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Averting doomsday

This article discusses the budget Governor Rauner proposed earlier in February, which closes a $6.2 billion budget gap through program reductions and a pension reform proposal. The piece cites recommendations from the Civic Federation’s…

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Governor Proposes Deep Cuts and New Pension Reforms to Balance FY2016 Budget

In his first budget proposal for the State of Illinois, Governor Bruce Rauner recommended more than $4 billion in spending cuts and $2.2 billion in estimated pension savings to close a projected budget gap of over $6 billion in fiscal…

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Re-election Bid Offers Test of Mayor’s Appeal to ‘Two Chicagos’

This article reviews Mayor Emanuel’s first term in office prior to Chicago’s upcoming municipal election. The Civic Federation said the Emanuel administration has made significant strides in improving the City’s financial position…

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A hard governor sounds a loud alarm

This editorial discusses Governor Rauner’s budget recommendation for fiscal year 2016, which relies on program reductions and a pension reform proposal to address a $6.2 billion budget gap. The editorial cites the Civic Federation’s…