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Government Budgets

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Civic Federation: Higher Taxes, Spending Limits Needed To Fix State Budget

This article highlights the Civic Federation’s FY2017 State of Illinois Budget Roadmap and its recommendations to help stabilize Illinois’…

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Without budget in place, Rauner to propose next year's plan

This article discusses Governor Rauner’s Budget Address speech and the need to resolve the State’s current budget impasse. Laurence Msall, President of the Civic Federation notes that there is nothing easy about what the State faces.

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Gov. Rauner To Give Budget Address As Stalemate Continues

This segment discusses Governor Rauner’s upcoming Budget Address and the budget impasse’s impact on Illinois service organizations. In addition to comments from Civic Federation President Laurence Msall, the piece also highlights…

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More Warnings, Advice For Illinois Lawmakers

This article reports on the Civic Federation’s three-year plan to help stabilize Illinois’ budget. Laurence Msall, President of the Civic Federation, comments on…

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Civic Federation: Illinois Needs $9.4 Billion in New Taxes by 2019 to Survive

This article discusses the initiatives highlighted in the Civic Federation’s FY2017 State of Illinois Budget Roadmap necessary to stabilize Illinois’ finances.…

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Civic Federation lays out painful plan to stabilize Illinois finances

This article covers the release of the Civic Federation’ s FY2017 State of Illinois Budget Roadmap, released in advance of Governor Bruce Rauner’s forthcoming…

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State of Illinois FY2017 Budget Roadmap

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. This report presents the Civic…

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Civic Federation Proposes Comprehensive Plan to Stabilize Illinois Finances by End of FY2019

(CHICAGO) – In a report released today, the Civic Federation’s Institute for Illinois’ Fiscal Sustainability proposes a comprehensive three-year plan that addresses Illinois’ ongoing financial crisis with painful but necessary spending…

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CPS borrows $725 million at huge cost

This article examines a CPS bond sale that had been previously delayed. President of the Civic Federation, Laurence Msall comments that the 8.5 percent yield is due to a number of factors, one of which is the District’s poor credit…

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Short-term Liabilities of City of Chicago Increase through FY2014, while CPS and Cook County Short-term Liabilities Decrease

Short-term or current liabilities are financial obligations that must be satisfied within one year. They can include short-term debt, accounts payable, accrued payroll and other current liabilities. This blog post presents five-year…