Government Budgets

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Chicago’s Inspector General: Fire 54 firefighters for alleged fraud

This article discusses allegations of fraud by Chicago Fire Department employees. The article cites the Civic Federation’s recommendation that the mayor consider making cuts to the Department to help balance the City’s budget.

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Proposed CPS budget includes property tax hike

In this news segment about Chicago Public Schools proposal to increase its property tax levy to help fill its $712 million budget gap, Civic Federation Vice President Lise Valentine says that CPS is making difficult but reasonable choices…

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Maximum property tax hike sought for Chicago public schools

This article discusses Chicago Public Schools proposal to increase its property tax levy to the maximum amount allowed – as well as make major staffing and program cuts – to help fill its $712 million budget gap. Civic Federation Vice…

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Tax hike, cuts will plug Chicago schools budget

This news segment discusses Chicago Public Schools proposal to close its $712 million budget gap by raising its property taxes to the maximum amount allowed and making significant cuts to staffing and programs. The Civic Federation says it…

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Emanuel paints bleak picture of city finances, but rules out tax hike

City of Chicago Mayor Rahm Emanuel’s decision to avoid raising taxes to fill the City’s budget deficit of $636 million is the focus of this article. The Civic Federation says that City operations may need to be restructured to close the…

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Chicago’s Budget Deficit Widens $50 Million to $635.7 Million, Mayor Says

This article discusses the City of Chicago’s budget deficit and the ways that City of Chicago Mayor Rahm Emanuel may choose to fill that gap. The Civic Federation says that the budget cannot be balanced without cuts to the City’s payroll.

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Cook County Health System’s FY2011 Budget Deficit Likely to Exceed $90 Million

A recent mid-year report issued by Cook County provides more details on…

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Update on Interfund Borrowing

The State of Illinois’ plan to relieve some cash flow pressures in FY2011 by borrowing nearly $1 billion from its Special Funds to pay for operations netted less than half of that amount at the close of FY2011. The interfund borrowing…

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Preckwinkle talks layoffs as revenue shortage looms

This article discusses proposals to fill the projected $315 million budget gap in Cook County’s FY2012 preliminary budget, which could possibly include layoffs or other major cuts. The Civic Federation says it supports Cook County Board…

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Emanuel projects $635.7 million budget shortfall next year

This article discusses City of Chicago Mayor Rahm Emanuel’s warnings about the City’s FY2012 budget deficit, projected at $635.7 million. The article notes that the deficit figure does not include pension system shortfalls, which could add…