The Civic Federation’s Cook County Modernization 100-Day Accountability Report continues the work of our Cook County Modernization Project. This report includes detailed information on the status of all 36 recommendations from the Civic Federation’s Cook County Modernization Report (published in October 2010), as well as a dashboard rating system for recommendations that were to be implemented…
Today marks the 100th day since Toni Preckwinkle took office as President of the Cook County Board of Commissioners. During that time, the County has begun to implement a variety of reforms including many of the recommendations from the Civic Federation’s Cook County Modernization Report. The administration released a 100-day report card this morning, which highlights what the administration…
The long-term lease of assets by the City of Chicago is one of the most significant financial undertakings by the City in recent years. These groundbreaking transactions have received national attention and been examined by other governments interested in new models of public private partnerships. Recognizing the importance of these actions, the Civic Federation continues to examine these complex…
This article discusses the Civic Federation’s “Financial Challenges for the New Mayor of Chicago” report and details the Federation’s recommendations.
This report identifies the most significant financial challenges facing the City of Chicago and provides recommendations to the new Mayor of Chicago for ways to improve and stabilize the City’s finances in the short- and long-term. Those challenges include addressing the City’s significant budget deficit expected to be at least $500 million for FY2012, a growing bonded debt load, and crisis-…
The new Mayor of the City of Chicago faces three major fiscal challenges that will require the immediate attention of the new administration, according to a new report released today by the Civic Federation. The daunting difficulties include addressing the City’s significant structural budget deficit, a growing bonded debt load and crisis-ridden employee pensions. The Federation’s report includes…
Although it does not receive as much attention as the Skyway and the metered parking system leases, the downtown public parking system lease was also a very significant privatization transaction. It was undertaken by the City of Chicago, which owned one parking garage in the system and also involved the Chicago Park District which owned the other three garages in the system. The downtown…
In this segment of the Eight Forty-Eight news program, Civic Federation President Laurence Msall discusses how a proposal to privatize City of Chicago lakefront festivals could help fill the City’s budget deficit.
The Civic Federation supports the Chicago Park District’s FY2011 proposed operating budget of $397.6 million. The District is proposing to hold the property tax levy flat and maintain expenditures at close to FY2010 levels by using operating efficiencies and personnel cuts. The District is also proposing to eliminate its $22.0 million budget deficit in part by using $12.0 million of TIF surplus…
The Chicago Park District is to be commended for holding its property tax levy flat for the sixth straight year, says a Civic Federation report released today. The District will rely on non-tax revenues and a slight cut in staffing levels to balance its proposed FY2011 budget of $397.6 million. While the Federation commends the District’s restraint, it is also concerned that an ongoing reliance…
