09.17.20
The General Assembly enacted an approximately $49.2 billion capital budget on May 24, 2020. [1] Spending proposed in the capital budget includes funding from the State, grants from the federal government and local matching funds. The multi-year...
09.10.20
The City of Chicago recently released its Budget Forecast for FY2021 , which provides financial estimates for the City’s current fiscal year that ends on December 31, 2020 and a...
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...
08.28.20
The Civic Federation is a member of the Governmental Research Association, the national organization of individuals professionally engaged in government research. Founded in 1914, the GRA has for more than 100 years worked to promote government research as a vocation and facilitate the exchange...
08.25.20
08.21.20
On August 12, 2020 the Chicago Transit Authority (CTA) approved Ordinance 020-070 amending its FY2020 budget to incorporate $690.1 million of the CARES Act funding it received from the federal government in...
08.12.20
As state and local governments...
08.06.20
The COVID-19 pandemic has had a devastating impact on state budgets, with tax revenue shortfalls estimated to total about $200 billion for fiscal years 2020 and 2021 compared with initial projections. [1] What actions are states taking to deal with...
07.31.20
In a proposal to stabilize underfunded pensions for Forest Preserve District of Cook County employees and retirees, the Forest Preserves’ Conservation and Policy Council has appealed to the Cook County Board of Commissioners to...
07.23.20
In March Congress passed the $2.2 trillion CARES Act, the third federal coronavirus relief act, which among many ...
