The Civic Federation has commended City Colleges for publicly releasing its internal long-term financial plan as part of the FY2015 tentative budget. The five-year financial plan is linked to a five-year strategic plan released by the District in June 2013. Publication of the financial plan allows the public to understand the fiscal strategies necessary to implement the District’s academic and operational goals. The Civic Federation also commends the District for including a list of cost containment strategies and corresponding savings estimates in its annual budget documents and for its transparency with regard to capital planning.
Click here to read more about the Civic Federation's take on City Colleges of Chicago's budget. Click here to read the full report.