(CHICAGO) The Civic Federation released today a comparative analysis of the cost of the $9.6 billion in bonds the State of Illinois issued between September 2009 and July 2010. The report estimated that Illinois government may pay as much…
This issue brief provides a comparative analysis of the cost of the $9.6 billion in bonds the State of Illinois issued between September 2009 and July 2010. The report estimates that Illinois government may pay as much as $551.3 million…
In a discussion on the Fox Chicago Sunday news program about the City of Chicago’s budget shortfall, Civic Federation President Laurence Msall discusses the effect that privatization of some City services may have on closing the gap.
A recent report shows that nearly all the bond subsidies promised under the Build America Bond (BAB) program are being paid by the federal government to issuers applying for the credit without significant administrative delay. The BAB…
This article explores findings in the Civic Federation’s analysis of Chicago Public Schools’ $6.5 billion FY2011 proposed budget. It notes the Federation’s opposition to the District’s plans to deplete its reserve funds and take a partial…
In this news segment, Civic Federation President Laurence Msall explains the Civic Federation’s analysis of Chicago Public Schools’ FY2011 proposed budget.
This article discusses findings in the Civic Federation’s analysis of the Chicago Public Schools FY2011 proposed budget. The article mentions the Federation’s warnings about the future budget gap created by a partial pension holiday over…
This segment on the City Room news program discusses a Chicago Public Schools plan to restructure its debt instead of depleting its reserve fund in order to balance its budget as originally proposed. The segment mentions the Civic…
This article is about a presentation by Civic Federation President Laurence Msall at St. Augustine College on August 19 about the State of Illinois’ budget troubles. Mr. Msall explained that comprehensive budget cuts and pension and tax…
This article details the Chicago Board of Education’s adoption of a revised FY2011 budget that relies on the restructuring of debt to bridge a budget gap. The Civic Federation says it expressed concerns over the District’s original…
