11.18.09
The Civic Federation opposes the FY2010 City of Chicago budget of $6.14 billion because it is unsustainable and relies too heavily on one-time reserve funds to close a $520.0 million budget...
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08.21.09
Since 2004, the City of Chicago has transacted three major long term asset leases worth over $3.5 billion.
The Chicago Skyway (2004) – A 99-year lease with Cintra-Macquarie with a transaction value of $1.83 billion. Downtown Parking Garages (2006) – A 99-year lease with Morgan Stanley. This...12.19.08
The Civic Federation opposes the Cook County FY2009 proposed budget because it is built on an unstable foundation of $364.0 million in borrowed funds to pay for operating expenses less than a year...
11.05.08
The Civic Federation supports the FY2009 City of Chicago budget of $5.97 billion because it does not rely on raising property tax and begins the painful yet necessary step of reducing payroll by 2...
11.05.08
The Civic Federation supports the Chicago Park District’s FY2009 budget because it is a fiscally responsible plan and demonstrates a commendable emphasis on cost containment and avoids a property...
10.29.08
The Civic Federation supports the CTA’s FY2009 budget of $1.3 billion as a responsible short-term plan to provide critical mass transit services to the Chicagoland population. The CTA’s proposed...
10.28.08
The Civic Federation supports the Forest Preserve District's proposed $193.6 million budget because the District will freeze its property tax levy this year and maintains a prudent fund balance....
10.22.08
The Civic Federation offers qualified support for the DuPage County $505 million FY2009 budget proposal. Although DuPage County has proposed a reasonable spending plan that freezes property tax,...
05.12.08
The Civic Federation opposes the unaffordable program expansions and long-term borrowing proposed in the FY2009 State budget recommendation, but supports the proposed 3% cut from non-priority...
02.11.08
The Civic Federation's legislative priorities for 2008 include public pension reform, tax increment financing disclosure, creation of a separate board of commissioners for the Cook County Forest...