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Government Budgets

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Here's what the numbers say about Rahm Emanuel

This article reviews the initiatives of Chicago Mayor Rahm Emanuel during his first term in office. On the topic of City finance, the City’s general obligation debt has grown at a slower rate under his administration but some existing debt…

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Cook County, Ill., May Face Tough Future After Balancing Budget

(The full content of this article is only available to the publication’s subscribers.) This article discusses the Civic Federation’s FY2015 Cook County Budget analysis. The Civic Federation supports the budget for closing a $168.9 million…

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Civic Federation Supports Cook County's FY2015 Budget

Full Report Discusses Recent Progress, Fiscal Uncertainty Ahead In a report released today, the Civic Federation supports Cook County’s proposed FY2015 operating budget of $3.7 billion and praises the work of Board President Preckwinkle…

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Cook County FY2015 Executive Budget Recommendation: Analysis and Recommendations

The Civic Federation supports Cook County’s proposed FY2015 operating budget of $3.7 billion for holding the property tax levy relatively flat and not including any new fines or fees. Instead, a $168.9 million shortfall is closed…

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Civic Fed gives tepid marks to Emanuel’s 2015 budget

This article discusses the Civic Federation’s analysis of the FY2015 City of Chicago budget. The Civic Federation supports the budget for its structural…

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State's Operating Budget Continues to Supplement Capital Projects Fund

When the Illinois Jobs Now! capital spending program was approved in 2010 the State also approved a series of dedicated revenue sources intended to fund new borrowing costs outside the State operating budget. As previously sold capital…

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Civic Federation Supports Proposed FY2015 Chicago Budget

Recent Progress Threatened by Pension Funding Crisis, Borrowing for Operations In a report released today, the Civic Federation announced its support for the City of Chicago’s proposed FY2015 operating budget of $7.3 billion but expressed…

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City of Chicago FY2015 Proposed Budget: Analysis and Recommendations

The Civic Federation supports the City of Chicago's proposed $7.3 billion budget because it reflects both reasonable structural changes and significant actions toward long-term stability, including the 2014 pension reform law for the City'…

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Budgetary Gimmicks Allow Spending Increases in State’s FY2015 Budget

As previously discussed here, the enacted FY2015 budget for the State of Illinois includes several budgetary gimmicks intended to make up for the loss of revenues…

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Chicago mayor mum on looming pension issues in budget address

This article discusses Mayor Rahm Emanuel’s FY2015 Budget announcement for the…