10.26.10
The Civic Federation supports the Chicago Transit Authority’s (CTA) proposed FY2011 budget of $1.3 billion but has significant concerns for the agency in the longer term. The budget...
Library
08.27.10
A recent report shows that nearly all the bond subsidies promised under the Build America Bond (BAB) program are being paid by the federal government to issuers applying for the credit without significant administrative delay. The BAB subsidy, equal to 35% of the interest cost of qualified...
04.26.10
The Civic Federation opposes Governor Pat Quinn’s $52 billion FY2011 recommended operating budget for the State of Illinois because it is unbalanced and does too little to address the State...
03.17.10
Although the proposed FY2011 operating budget for the State of Illinois, which includes a $4.7 billion annual deficit and carrying forward $6 billion in unpaid bills, has garnered the most attention since being...
02.22.10
An Analysis of the State’s Fiscal Crisis and Actionable Recommendations for Governor Pat Quinn and the Illinois General Assembly
The Fiscal Rehabilitation Plan for the State of Illinois describes the basis of Illinois’ current fiscal crisis and presents the Civic Federation’s plan to salvage the State’s finances. This plan calls for a comprehensive package of budget cuts, pension reforms, and revenue increases to put Illinois on solid financial footing and address its nationally-recognized fiscal crisis.