07.19.12
As stated in its analysis released today , the Civic Federation opposes the Chicago Public Schools (CPS) proposed $5.2 billion operating budget for FY2013, which drains all General Fund reserves to help close a $665 million budget deficit and leaves...
07.12.12
The Civic Federation supports the City Colleges FY2013 budget totaling $659.5 million because it demonstrates continued fiscal discipline and attention to financial best practices. Unrestricted...
07.12.12
The Civic Federation announced its support for the City Colleges of Chicago FY2013 tentative budget on July 12, testifying at a public hearing and releasing its analysis of the proposed $659.5 million budget. The budget demonstrates continued...
07.11.12
The State of Illinois budget for fiscal year 2013 underfunds the expected cost of State group health insurance by at least $550 million, paving the way for a significant increase in unpaid bills unless more spending is authorized later this year.
Governor Pat Quinn...
07.05.12
On June 27, 2012, the Office of Cook County Board President Toni Preckwinkle released its annual Preliminary Budget Estimates report for fiscal year 2013. The report...
07.05.12
Cook County’s public health system faces significant financial challenges in fiscal year 2013, although the outlook could improve if the federal government signs off on a plan to expand...
06.21.12
In light of the State of Illinois’ pension funding crisis, it has become more widely understood that the annual Cost of Living Adjustment, or COLA, plays a large role in the State’s overall...
06.13.12
UPDATE: On Friday, August 3, 2012, Governor Quinn signed into law the pension reforms for the Metropolitan Water Reclamation District Retirement Fund as Public Act 097-0894 .
This blog post provides...
06.07.12
State of Illinois officials expect unpaid Medicaid bills to decline to $600 million by the end of the 2013 budget year, but that prediction depends on legislation that has not yet passed the Senate....
06.01.12
The following opinion piece by Civic Federation President Laurence Msall was published by Crain's Chicago Business on June 1, 2012 .
Yesterday was a most...
