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...
Library
05.05.16
The State of Illinois can add another complication to its already stressed financial condition, an $800.7 million shortfall in its capital spending plan caused by failure in several of the dedicated revenue sources enacted to fund debt service.
The State relies heavily on the sale of...
02.17.16
In recent years, Illinois’ delayed payment of bills has caused financial stress for vendors, social service agencies and local governments. It has also cost the State $1.0 billion in interest penalties since fiscal year 2006, according to data from the Illinois Comptroller’s Office.
...
02.04.16
Based on available market data, the State of Illinois paid approximately $40 million more for the $480 million of new bonds it sold in January than it would have before its bond ratings were downgraded at the end of last year.
As previously...
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...
11.14.13
Over the past few years, the Civic Federation has blogged about financial indicators that can be used to measure the fiscal condition of local governments. The blogs were part of a larger ongoing project to assess the City of...
11.08.13
On October 25, 2013, Moody’s Investors Service downgraded the CTA’s bond rating to A1 from Aa3 and lowered its outlook to negative from stable. This makes it 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...
09.06.13
09.06.13
Earlier this spring the Civic Federation opposed the $26 billion capital plan proposed by Governor Quinn because it was unaffordable over time and was not based on a capital...