This article highlights the Civic Federation’s FY2017 State of Illinois Budget Roadmap and its recommendations to help stabilize Illinois’ finances. Civic Federation President Laurence Msall speaks about the Federation’s comprehensive plan to address the State’s fiscal issues.
This article discusses Governor Rauner’s Budget Address speech and the need to resolve the State’s current budget impasse. Laurence Msall, President of the Civic Federation notes that there is nothing easy about what the State faces.
This segment discusses Governor Rauner’s upcoming Budget Address and the budget impasse’s impact on Illinois service organizations. In addition to comments from Civic Federation President Laurence Msall, the piece also highlights recommendations from the Federation’s FY2017 State of Illinois Roadmap.
This article reports on the Civic Federation’s three-year plan to help stabilize Illinois’ budget. Laurence Msall, President of the Civic Federation, comments on the need for action and sacrifice to fix the State’s issues.
This article discusses the initiatives highlighted in the Civic Federation’s FY2017 State of Illinois Budget Roadmap necessary to stabilize Illinois’ finances. President of Civic Federation Laurence Msall remarks that the State has already spent most of its FY2016 revenue and that there is not enough time to close Illinois’ deficit this fiscal year.
This article covers the release of the Civic Federation’ s FY2017 State of Illinois Budget Roadmap, released in advance of Governor Bruce Rauner’s forthcoming budget address. Laurence Msall, President of the Civic Federation, is quoted in the article on the increasing lack of politically popular options the State has left in order to address its financial crisis.
Prior to the release of the Governor’s annual budget recommendation, the Institute for Illinois’ Fiscal Sustainability at the Civic Federation releases an analysis of the State of Illinois’ fiscal condition. This report presents the Civic Federation’s three-year plan to stabilize Illinois’ finances and addresses the State’s critical financial situation. More than seven months into the current fiscal year, the State of Illinois continues to operate without a budget. Under current revenue…
(CHICAGO) – In a report released today, the Civic Federation’s Institute for Illinois’ Fiscal Sustainability proposes a comprehensive three-year plan that addresses Illinois’ ongoing financial crisis with painful but necessary spending limits and revenue enhancements. The full 55-page report is available here. More than seven months into the current fiscal year, the State of Illinois continues to operate without a budget. However, virtually all of the State’s projected FY2016 revenues will be…
This article examines a CPS bond sale that had been previously delayed. President of the Civic Federation, Laurence Msall comments that the 8.5 percent yield is due to a number of factors, one of which is the District’s poor credit rating, and warns that costs for any future borrowing will continue to be high.
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 Governmental Funds, and 2) short-term liabilities as a percentage of operating revenues for the three largest local governments the Civic Federation regularly monitors and evaluates: the City of Chicago, Cook…
