A recent report shows that nearly all the bond subsidies promised under the Build America Bond (BAB) program are being paid by the federal government to issuers applying for the credit without significant administrative delay. The BAB…
This article explores findings in the Civic Federation’s analysis of Chicago Public Schools’ $6.5 billion FY2011 proposed budget. It notes the Federation’s opposition to the District’s plans to deplete its reserve funds and take a partial…
In this news segment, Civic Federation President Laurence Msall explains the Civic Federation’s analysis of Chicago Public Schools’ FY2011 proposed budget.
This article discusses findings in the Civic Federation’s analysis of the Chicago Public Schools FY2011 proposed budget. The article mentions the Federation’s warnings about the future budget gap created by a partial pension holiday over…
This segment on the City Room news program discusses a Chicago Public Schools plan to restructure its debt instead of depleting its reserve fund in order to balance its budget as originally proposed. The segment mentions the Civic…
This article is about a presentation by Civic Federation President Laurence Msall at St. Augustine College on August 19 about the State of Illinois’ budget troubles. Mr. Msall explained that comprehensive budget cuts and pension and tax…
This article details the Chicago Board of Education’s adoption of a revised FY2011 budget that relies on the restructuring of debt to bridge a budget gap. The Civic Federation says it expressed concerns over the District’s original…
On Monday the Civic Federation released its analysis of the Chicago Public Schools FY2011 proposed budget.…
The Civic Federation supports the Chicago Public Schools proposed $6.5 billion budget for FY2011, which is a reduction of 5.9% or $402.3 million from the proposed FY2010 budget. The proposed budget offers a short-term solution to the…
Spending Plan Exposes District to Greater Financial Risk in the Future The Civic Federation supports the FY2011 proposed Chicago Public Schools budget of $6.5 billion as an adequate plan to close a large deficit and ensure continued access…
