07.24.18
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...
04.17.13
UPDATE:
At its April 24, 2013 meeting, the Chicago Board of Education approved the District’s amended FY2013 capital budget.
Original blog published on April 17, 2013
On April 6th Chicago Public Schools (CPS) released its...
12.26.12
A look back at the Civic Federation’s blog this year provides a preview of upcoming fiscal challenges for local governments in 2013.
Pension Funding The most urgent fiscal challenge for Illinois governments continues to be the pension funding crisis. The combined funded ratio for...
12.20.12
Last week the Civic Federation marked the end of the FY2013 budget season with a blog that summarized the proposed budgets for the nine local governments the Federation monitors. These governments include: the City Colleges of...
12.13.12
Last week marked the end of the budget season for the nine local governments monitored by the Civic Federation. These governments include: the City Colleges of Chicago, Chicago Public Schools (CPS), DuPage County, City of Chicago, Cook County, Chicago Transit Authority (CTA), Forest Preserve...
10.18.12
Last week, Chicago Public Schools (CPS) issued an amended FY2013 budget plan based on the new contract agreement between the District and the Chicago Teachers Union (CTU). The revised budget includes an additional $103 million in spending which CPS plans to fund through cost-reductions in...
08.23.12
On July 19, 2012, the Civic Federation released its analysis of the proposed FY2013 budget for Chicago Public Schools (CPS) in anticipation of the Board of Education’s vote on the budget scheduled for the following week. However, two days...
07.19.12
The Civic Federation opposes the Chicago Public Schools (CPS) proposed $5.2 billion FY2013 operating budget which drains all General Fund reserves to help close a $665 million budget deficit and...
07.19.12
As stated in its analysis released today , the Civic Federation opposes the Chicago Public Schools (CPS) proposed $5.2 billion operating budget for FY2013, which drains all General Fund reserves to help close a $665 million budget deficit and leaves...
