This news segment examines Governor Quinn’s deal with the Chicago Transit Authority that will avert a fare increase through increased borrowing. Civic Federation President Laurence Msall says the deal may be a bad one in the long run,…
This article describes the politics surrounding a vote by the Cook County Board of Commissioners to reduce the county sales tax by a half-cent. It cites the Civic Federation’s analysis of the County’s proposed FY2009 budget.
This article discusses the Civic Federation’s analysis of the City of Chicago’s FY2010 proposed budget. The Federation opposed the budget because off its reliance on reserve funds to make up a fiscal shortfall.
This article mentions a recent City budget hearing at which the Civic Federation presented its analysis of the City of Chicago FY2010 proposed budget.
In FY2010 the City of Chicago proposes to close a majority of its FY2010 $520 million budget deficit with proceeds it received from the long-term leases of its parking meters and the Chicago Skyway. This begs the question: how has the…
The Civic Federation opposes the proposed $6.14 billion FY2010 City of Chicago budget because it is unsustainable and relies predominantly on one-time reserve funds to close its $520 million deficit. The Federation’s full 69-page analysis…
The Civic Federation opposes the FY2010 City of Chicago budget of $6.14 billion because it is unsustainable and relies too heavily on one-time reserve funds to close a $520.0 million budget deficit. The proposed drastic draw down of long-…
The Civic Federation has enormous concerns about the fiscal risks associated with Governor Quinn’s “deal” to avoid CTA fare increases. Under the proposal, the Regional Transportation Authority will issue General Obligation bonds worth $83…
Under the old state statute that limited the property tax rates of the Chicago Public Schools, Tax Increment Financing directly restricted property tax revenues available to CPS because it froze part of the equalized assessed value (EAV)—…
