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Chicago budget update Chicago Mayor Brandon Johnson has eliminated property-tax increases from his latest budget proposal for 2025, but at least 15 members of the city council remain opposed to ...
Chicago Public Schools were the most racial-ethnically separated among large city school systems, according to research by The New York Times in 2012, [47] as a result of most students' attending schools close to their homes. In the 1970s the Mexican origin student population grew in CPS, although it never exceeded 10% of the total CPS student ...
The Illinois Budget Impasse was a 793-day-long (2 years and 62 days) budget crisis in the state of Illinois. From July 1, 2015, to August 31, 2017, Illinois was without a complete state budget for fiscal years 2016, 2017, and part of 2018. As a result, many state agencies had to cut services or continue borrowing to operate.
The budget, which passed by a vote of 27-23, may bring down the city’s credit rating. Chicago Chief Financial Officer Jill Jaworski admitted that credit agencies would monitor the city’s ...
The Fiscal Responsibility Act of 2023, passed in June 2023, resolved that year's debt-ceiling crisis and set spending caps for FY2024 and FY2025. The act called for $895 billion in defense spending and $711 billion in non-defense discretionary spending for fiscal year 2025, representing a 1% increase over fiscal year 2024. [10]
Chicago’s financial forecast is clouded by a $982.4 million budget deficit, and Mayor Brandon Johnson's proposed $300 million property tax hike has stirred up a storm of discontent with council ...
BRAINTREE − School officials have to cut $8 million from the proposed budget for the 2024-25 school year, which will likely mean reductions in staff and programs.
The United States federal budget for fiscal year 2024 ran from October 1, 2023, to September 30, 2024. From October 1, 2023, to March 23, 2024, the federal government operated under continuing resolutions (CR) that extended 2023 budget spending levels as legislators were debating the specific provisions of the 2024 budget.