This news segment discusses recommendations in the Civic Federation’s “Financial Challenges for the New Mayor of Chicago” report.
This editorial about Governor Pat Quinn’s State of Illinois FY2012 proposed budget address says the Governor should consider budget-cutting recommendations made by the Civic Federation.
Governor Pat Quinn’s proposed FY2012 budget for the State of Illinois features additional borrowing and an overall increase in spending, despite steep spending reductions in the area of human services. The Governor’s FY2012 budget, issued on February 16, 2011, includes total operating resources of $33.9 million and total expenditures of $35.4 billion. In order to close the operating shortfall,…
Today the Civic Federation released its analysis of Cook County’s FY2011 Executive Budget Recommendation. The Federation supports Cook County’s $3.0 billion proposed budget plan as it reflects a significant effort by the new County administration to usher in an era of significant reform of governmental operations. The Federation commends Board President Preckwinkle and her team for their…
(CHICAGO) The Civic Federation will announce its support for the proposed $3.0 billion FY2011 Cook County budget at a public hearing today. The plan cuts expenditures and employee headcount while committing to a full repeal of the sales tax increase. The full 61-page report is available on the Civic Federation website, www.civicfed.org. “The Civic Federation commends Board President Preckwinkle…
The Civic Federation supports Cook County’s $3.0 billion FY2011 Executive Budget Recommendation as it reflects a significant effort to reduce expenditures. The new County administration also appears to be on a path toward significant reform of governmental operations, as recommended by the Civic Federation in the Cook County Modernization report, which can be read here. The Civic Federation…
(CHICAGO) The Civic Federation’s Illinois research institute warns that a large tax increase alone has not fixed the state’s broken budget. The Federation’s new FY2012 Budget Roadmap, released ahead of Governor Quinn’s budget address, analyzes the state’s current fiscal position, critiques Governor Quinn’s three-year budget plan and provides recommendations to improve the state’s finances. The…
Prior to the release of the Governor’s annual budget recommendation the Institute for Illinois’ Fiscal Sustainability at the Civic Federation releases an analysis of the State of Illinois’ fiscal condition and actionable recommendations for the Governor and General Assembly for the coming fiscal year. This year the State of Illinois Budget Roadmap also includes an analysis and recommendations…
This report identifies the most significant financial challenges facing the City of Chicago and provides recommendations to the new Mayor of Chicago for ways to improve and stabilize the City’s finances in the short- and long-term. Those challenges include addressing the City’s significant budget deficit expected to be at least $500 million for FY2012, a growing bonded debt load, and crisis-…
The new Mayor of the City of Chicago faces three major fiscal challenges that will require the immediate attention of the new administration, according to a new report released today by the Civic Federation. The daunting difficulties include addressing the City’s significant structural budget deficit, a growing bonded debt load and crisis-ridden employee pensions. The Federation’s report includes…
