The Civic Federation supports the Forest Preserve District of Cook County FY2012 Executive Budget Recommendation totaling $195.0 million, which includes both operating and capital expenditures. We commend the District for holding its property tax levy flat during a period of continued financial hardship for many Cook County residents and for taking steps toward more effective personnel management starting with a comprehensive desk audit. The District has also shown prudence by maintaining…
The Civic Federation's legislative priorities for 2012 include public pension reform, requiring the State of Illinois to develop and implement a capital improvement plan, dissolving the Illinois International Port District, creating a new governing board for the Cook County Forest Preserve District, requiring all counties to hold budget hearings and large counties to produce timely annual audits, enacting tax increment financing reporting reform, requiring school financial management…
The Civic Federation supports the proposed FY2012 Chicago Transit Authority budget of $1.2 billion because it will set the agency on a more sustainable path. The spending plan will also avoid fare hikes or service cuts if labor unions and arbitrators agree to work rule changes that would save $160 million annually. The full 41-page analysis is available at civicfed.org. The budget ends the CTA’s reliance on capital funds to prop up spending, an important development for the future fiscal…
The Civic Federation supports the FY2012 proposed Chicago Transit Authority budget of approximately $1.2 billion because it ends the past practice of using capital funds to close operating gaps and maintains current fare and service levels. This budget proposes to substantially curb expenditure growth by addressing expensive labor practices thereby setting a direction for structurally balanced budgets in the future. However, the FY2012 budget depends on the cooperation of labor unions and…
(CHICAGO) The Civic Federation supports the proposed FY2012 Cook County budget of $3.3 billion because it reduces spending from FY2011, implements efficiencies and avoids raising broad-based taxes. The full 77-page report is available at civicfed.org. Breaking with many past County practices, the operating budget is set to reduce spending by 3.7%, or $112.3 million, and is on target to be approved before the start of the County’s fiscal year on December 1, 2011. The cuts in the plan make up…
The Civic Federation supports the Cook County FY2012 Executive Budget Recommendation totaling $2.9 billion. Cook County Board President Toni Preckwinkle’s proposed $2.2 billion General Fund budget is a 4.6%, or $107.4 million, decrease from the FY2011 adopted budget. The budget closes a $315.2 million shortfall with $219 million in spending cuts, $53 million in revenue enhancements and over 1,000 layoffs. The County administration also appears to be on a path towards significant reform of…
Civic Federation Urges Mayor, City Council to Get Moving on Pension Reform The Civic Federation announced its support for the proposed $6.3 billion FY2012 City of Chicago Budget today. The Federation’s full 106-page report not only reviews the spending plan for the next fiscal year, but also measures the City’s progress in implementing reforms to improve financial sustainability. “Chicago is not yet out of the woods, but this budget moves the City’s finances in a positive direction,” said…
The Civic Federation supports the proposed FY2012 City of Chicago budget of nearly $6.3 billion because it takes effective action to reduce the City’s structural deficit through significant expenditure reductions and targeted revenue increases. The proposed budget greatly reduces the City’s reliance on one-time revenue sources to close the $635.7 million budget gap. It prudently does not contain general tax increases, but rather focuses primarily on reducing the cost of the City’s operations…
Civic Federation Encourages County to Fully Implement Planning Policies (CHICAGO) The Civic Federation supports the proposed $434.7 million DuPage County budget for FY2012 because it cuts spending for the third year in a row while holding the property tax levy flat. Despite reducing expenditures, the County pledges to maintain core services for residents. The proposed budget does many things right, especially the initiatives that allow the county to work within its existing revenues. In…
The Civic Federation supports the DuPage County Proposed FY2012 Financial Plan of $434.7 million. The County is reducing expenditures for the third year in a row while pledging to maintain the existing level of service and keep the property tax levy at the same level as last year. In order to properly plan for the most efficient and effective use of taxpayer resources in this uncertain economic climate, the Civic Federation recommends that DuPage County fully adopt the planning policies…
