09.12.12
Yesterday, DuPage County Board Chairman Dan Cronin presented the DuPage County Proposed FY2013 Financial Plan to the County Board. DuPage County’s current fiscal year ends on November 30, 2012; the new 2013 fiscal year begins on December...
09.12.12
Yesterday, DuPage County Board Chairman Dan Cronin presented the DuPage County Proposed FY2013 Financial Plan to the County Board. DuPage County’s current fiscal year ends on November 30, 2012; the new 2013 fiscal year begins on December...
09.06.12
Although the State of Illinois is still burdened with a multibillion-dollar backlog of unpaid bills , one component of that backlog—unpaid income tax...
08.31.12
The State of Illinois’ bond rating was reduced again this week but despite being one of the lowest rated state credits it remains well above the level assigned to speculative debt.
On August 29, 2012 Standard & Poor’s (S&P) reduced the State’s long-term General...
08.28.12
UPDATE: Cook County has received federal approval for a Medicaid expansion plan that is projected to bring in $99 million in net revenues in FY2013 and is a key component of the County’s FY2013 budget.
The approval,...
08.23.12
08.23.12
On July 19, 2012, the Civic Federation released its analysis of the proposed FY2013 budget for Chicago Public Schools (CPS) in anticipation of the Board of Education’s vote on the budget scheduled for the following week. However, two days...
08.16.12
The State of Illinois’ enacted budget for FY2013 is missing key components needed to carry out the General Assembly’s spending plan, according to a recent filing in connection with State bond offerings.
The...
08.15.12
UPDATE: On Thursday, August 16, 2012, Governor Quinn signed into law the changes to the Chicago Park District Pension Fund fiscal year as Public Act 097-0894 .
On May 31, 2012, the Illinois General Assembly...
07.25.12
In its recent analyses of the $5.7 billion FY2013 budget proposed by Chicago Public Schools and the $659.5 million FY2013 budget proposed by the City Colleges of Chicago, the Civic Federation expressed concern about the limited time allowed for public review. In each case, the Federation found...
07.19.12
The Civic Federation opposes the Chicago Public Schools (CPS) proposed $5.2 billion FY2013 operating budget which drains all General Fund reserves to help close a $665 million budget deficit and...