In a statement released Thursday, Civic Federation President Joe Ferguson said the board's decision departed from sound budgeting principles by relying on speculative revenue to balance the district's finances. #cps #budget #chicago
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The nonpartisan government finance watchdog released three reports Wednesday examining the fiscal issues it says will shape CPS' financial future beyond this year's budget cycle. #cps #civicfederation #budget
According to the Civic Federation, the legislation is projected to increase required city contributions to the Police and Fire pension systems by approximately $8.4 billion between 2025 and 2055, representing about $1.7 billion in present value. #pension #civicfederation #chicago
Garrett was recognized for his efforts to bring together community organizations, businesses, philanthropic partners and government agencies to expand opportunities and improve neighborhoods throughout the Chicago region. #award #civicfederation #seangarrett
The study, Divided Waters, examines the Lake Michigan Service Area, which spans 284 municipalities across seven counties and serves more than 5.5 million residents. #watersystem
The Board voted to pass Interim CEO Kenneth King’s $2025–26 budget, which the watchdog group described as “structurally imperfect” but prudent in avoiding classroom cuts, risky revenue assumptions, and short-term borrowing. #budget
This series provides a grounded understanding of the District’s fiscal challenges, the limitations of available options, and the consequences of short-sighted or unsustainable decisions. #reports