Government Budgets

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Gov. JB Pritzker blames 'Trump slump' for difficult budget year

by Mitchell ArmentroutJune 16, 2025

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Ahead of Pivotal Budget Season, Civic Federation Releases Reports on Chicago Public Schools Financial Forecast

CHICAGO — As Chicago Public Schools (CPS or the ‘District’) heads into a pivotal budget season under new leadership — and with a newly finalized, cost-increasing contract with the Chicago Teachers Union — the Civic Federation is…

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Understanding the Components of CPS’ FY2026 Projected Structural Deficit

This report is part of a three-part educational series on what's at stake for CPS in FY2026 and beyond. Click here to view the one-page summary…

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Illinois Proposed FY2026 Budget Overview

By Daniel Vesecky On February 19, Governor Pritzker released his proposed budget

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From Referendum to Reality: How the Forest Preserve District is Spending Its Third Year of Increased Tax Revenue

By Sarah Wetmore The Forest Preserve District of Cook County (FPDCC, or “the District”) adopted its FY2025 budget on November 19, 2024,…

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Chicago’s FY2025 Enacted Budget Remains Structurally Imbalanced

By Grant McClintockFollowing a lengthy political debate, Chicago’s FY2025 enacted budget managed to technically fill a nearly $1 billion projected budget gap. However, as the Civic Federation noted in its…

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Civic Federation Urges Illinois Lawmakers to Begin Modernizing Illinois' Tax Structure and Budgeting Process to Solve the State's Significant Financial Challenges

CHICAGO – Today, the Civic Federation released a comprehensive report calling for Illinois legislators and Governor Pritzker’s administration to begin work on modernizing Illinois’ tax structure and improving its budgeting process. This…

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State of Illinois FY2026 Budget Roadmap: Landscape, Issues, and Recommendations

Click here to read the full report.

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Civic Federation Urges Illinois Lawmakers to Begin Modernizing Illinois' Tax Structure and Budgeting Process to Solve the State's Significant Financial Challenges

The Civic Federation shares a comprehensive report to spur and guide the Governor and Illinois General Assembly in conducting a holistic re-set of the State’s fiscal structure and adopting a more strategic approach to budgeting that…

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Financial Landscape Analysis of the Chicago Public School District: FY2025

Click here to read the full report.