09.04.20
In a recent analysis of the Chicago Public Schools FY2021 budget, the Civic Federation supported the District’s proposed $8.4 billion budget. However, the Federation expressed serious concerns about the budget’s reliance on $343 million in...
08.25.20
11.26.19
The Chicago Board of Education adopted an amended budget for the Chicago Public Schools (CPS) 2020 fiscal year on November 20, 2019 to account for changes reflected in the collective bargaining agreements reached between Chicago Public Schools and the Chicago Teachers Union (CTU) and the Service...
09.03.19
The Chicago Public Schools FY2020 Budget is an example of fund-based budgeting. Collected revenues are assigned to different funds intended to support various governmental functions. The...
08.28.19
08.23.19
This year is the third year that Chicago Public Schools (CPS) will receive funding from the State of Illinois through the statewide Evidence-Based Funding formula that was signed into State law in August 2017. The CPS 2020 fiscal year runs from July 1, 2019 through June 30, 2020.
The...
07.26.19
05.17.19
The following blog post discusses how the City of Chicago has used surplus revenue in its tax increment financing (TIF) districts since 2013.
TIF is a powerful...
04.05.19
Last week, the Civic Federation wrote about the Chicago City Council’s recent approval of a resolution to begin livestreaming committee meetings in...
03.11.19
In a series of...
