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financial stability

Civic Federation Criticizes Chicago Board of Education Over CPS Budget Amendment

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

Civic Federation Flags CPS Cash Reserves, TIF Reliance and Debt Ahead of $9.88 Billion Budget Vote

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

State Takes Control of Chicago Bank; Deposits Protected

First Independence Bank will immediately operate the Chicago location as a branch of its own bank, with no expected disruption to customer access to accounts or services. #bank #chicago

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