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...
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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...
11.08.13
This report uses nine indicators of financial condition to measure the relative financial performance of Chicago and 12 other major U.S. cities from FY2007 to FY2011. In addition to Chicago, the...
09.18.13
The Civic Federation released its analysis of the FY2010 DuPage County budget yesterday. In it the Federation announced its support for the County’s proposed financial plan due in large part to the County’s ability to maintain operation of its core programs while reducing its property tax levy...
01.02.13
While the Civic Federation traditionally analyzes features common to all local government budgets, our analyses of the Chicago Transit Authority’s (CTA) budgets...
12.21.10
State and local governments utilize fund accounting in order to demonstrate accountability and compliance with rules, laws and regulations. [1] For example, Cook County has a multitude of funds including a Public Safety Fund, Health Fund, an...
02.18.10
One of the Chicago Transit Authority’s ongoing fiscal challenges has been balancing the cost of providing rides on the CTA with the fares the Authority collects from its customers. CTA Board Chairman Terry Peterson announced at the Authority’s February board meeting that it costs the...
02.03.10
On February 7 the Chicago Transit Authority (CTA) will implement layoffs and service reductions intended to reduce its FY2010 operating costs by $95.6 million . The Authority, which...
01.13.10
As the Civic Federation composes its forthcoming Status of Local Pensions Report, we have pensions on our minds. Here’s a quick round up of what’s happening with local pension funds in Chicago and across the State of Illinois, including status updates on commissions, results of...
12.22.09
The redesign of the Civic Federation website in July has provided the public, government officials, and the media better access to the Federation’s analyses of government services in Illinois. The regularly-updated Civic Federation blog especially has provided a constant source of...