04.12.18
On April 5, 2018 the City Colleges of Chicago Board of Trustees unanimously approved Board Resolution 33420 , which changes the tuition rate from a tier-based rate structure to a hybrid tuition rate structure....
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08.31.16
07.27.16
The Civic Federation recently released its analysis of the City Colleges of Chicago FY2017 Tentative Annual Operating Budget.
This blog examines City Colleges of Chicago tuition rate changes...
01.28.16
Short-term or current liabilities are financial obligations that must be satisfied within one year. They can include short-term debt, accounts payable, accrued payroll and other current liabilities.
This blog post presents five-year trends for: 1) total short-term liabilities in the...
09.17.14
The most basic question about a pension fund is whether its assets are sufficient to cover total liabilities incurred. In this blog post, we examine the aggregate pension liabilities and Other Post Employment Benefit (OPEB) liabilities of ten large local...
08.07.14
The Civic Federation is a member of the Governmental Research Association (GRA), which is celebrating its 100th anniversary this year. The GRA is the national organization of individuals professionally engaged in governmental research. Organizations like the Civic Federation from around the...
08.01.14
This week the City of Chicago released its Annual Financial Analysis for 2014 . According to an executive order...
06.19.14
Under Illinois law , the State is required to share a certain portion of state income tax receipts with municipal and county governments in Illinois through the Local Government Distributive...
06.11.14
Cook County is a home rule government with three primary responsibilities: collecting tax and fee revenue, protecting public health through the administration of a public health and hospital system and ensuring public safety and justice through the operation of a jail and court system. The main...
05.28.14
On May 28, 2014, The Civic Federation sent this letter to Representitive Elaine Nekritz and the members of the House Personnel and Pensions Committee in advance of a 4 p.m. hearing on House Bill 1154 . The Civic...