08.22.13
The Civic Federation does not support the Chicago Public Schools (CPS) proposed $6.6 billion operating budget for FY2014, which completely draws down unrestricted reserve funds and uses some...
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08.22.13
UPDATE:
On August 23, 2013, the preliminary FY2014 budget of the Cook County Health and Hospitals System was unanimously approved by the Health System's Board of Directors. The Cook County Board is expected to vote on the plan in October. The Health...
08.21.13
At the end of the month, the Board of Education for Chicago Public Schools will vote on the District’s $5.6 billion operating budget for FY2014. The total budget of $6.6 billion is supported by local, state and federal revenues and other resources, including $761.6 million of appropriated...
08.16.13
Moody’s Investors Service downgraded the bond ratings for seven of the nine public universities in Illinois on August 9, 2013. The ratings include a negative outlook for all of the institutions.
The action from Moody’s comes after a review of the finances of the State’s...
08.15.13
On June 27, 2013, Cook County Board President Toni Preckwinkle released a report on preliminary budget estimates for fiscal year 2014, which begins on December 1, 2013 and ends November 30, 2014. The report provides an overview of mid-year...
08.08.13
Last week the City of Chicago released its Annual Financial Analysis for 2013 . According to an...
08.08.13
The scheduled rollout of Medicaid managed care in Illinois has been delayed by six months so hospitals can set up their own healthcare networks for Medicaid patients.
The new networks, known as Accountable Care Entities (ACEs), are intended to cover children and families. The State...
08.01.13
As the State of Illinois enters the fifth year of its $31-billion Illinois Jobs Now! capital spending program, revenue sources approved to fund the projects are still lagging far behind original projections.
Revenues deposited in the Capital Projects Fund in FY2013 from dedicated taxes...
07.29.13
As explained in a previous Civic Federation blog, in Cook County’s FY2014 Preliminary Budget Estimates report, released on June 27, 2013, the County projects an initial budget deficit of $152.1...
07.23.13
The following opinion piece by Civic Federation President Laurence Msall was published by Crain's Chicago Business on July 23, 2013...