This op-ed by State Representative Barbara Flynn Currie urges the Illinois General Assembly to adopt a budgeting approach that balances spending reductions with new revenues. It discusses several recommendations from the Civic Federation’s FY2016 State of Illinois Budget Roadmap released in February, including expanding the sales tax to certain services and implementing stronger spending controls.
This column covers Illinois’ current budget stalemate and the programs and bills that can continue to be paid for without a formal operating budget, meaning the State is spending at FY2015 levels although its revenue has dropped. The Civic Federation said the longer this spending goes on, the more painful the legislature’s remaining budget options become.
This article discusses the FY2016 Chicago Public Schools budget passed by the Board of Education August 26 which relies on $480 million in State funding that has not been appropriated. The Civic Federation’s annual analysis opposed the FY2016 budget for being unbalanced and unsustainable.
This article covers the Civic Federation’s FY2016 Chicago Public Schools Proposed Budget Analysis released August 25. The Federation opposes the budget that relies on $480 million in additional funding from the state that has not been appropriated, and calls for a detailed contingency plan if state funding fails to materialize.
This article discusses the Civic Federation’s analysis of the proposed FY2016 Chicago Public Schools budget. The Civic Federation opposed the budget for being unbalanced and unsustainable, providing no reassurance that CPS has a plan for emerging from its perpetual fiscal crisis.
This editorial reviews the governing history of Chicago Public Schools and calls on today’s leaders to address the District’s current financial crisis. It cites the Civic Federation’s FY2016 CPS Budget Analysis, which opposes the budget as yet another short-sighted, risky proposal from the District.
The Civic Federation opposes the Chicago Public Schools proposed $5.7 billion FY2016 budget because it is not balanced and does not provide a sustainable path out of the District’s current fiscal crisis. It is yet another financially risky, short-sighted proposal that fails to provide any reassurance that Chicago Public Schools has a plan for emerging from its perpetual financial crisis. The Civic Federation believes CPS has reached a very precarious and potentially devastating short-term and…
Civic Federation Calls for Realistic Contingency Plan for Chicago Public Schools That Does Not Rely on Borrowing, Other Unsustainable Actions In a report released today, the Civic Federation opposed the Chicago Public Schools proposed FY2016 operating budget of $5.7 billion because it is not balanced and does not provide a sustainable path out of the District’s current fiscal crisis. The budget assumes the State of Illinois will provide an additional $480 million this year and such funds have…
Even without an annual operating budget, the State of Illinois has already spent billions of dollars for the fiscal year that began on July 1, 2015. What remains unclear is how much the State is obligated to pay out for the entire year and how that compares with estimated FY2016 revenues. The State is obligated to make numerous FY2016 payments due to continuing appropriations and court orders. In addition, although Governor Bruce Rauner vetoed most of the budget passed by the General Assembly…
This article covers the budget impasse facing the State of Illinois and how it is contributing to a growing deficit as the State continues to spend without clear parameters. A Civic Federation analysis found savings in Governor Rauner’s proposed FY2016 budget unachievable and said the eventual budget solution will require an increase in taxes, cuts to spending, or likely both.
