Chicago Park District Pension Fund Expected to Run Out of Money in 14 Years
An actuarial projection of the future solvency of the Chicago Park District’s pension fund has estimated that the fund will exhaust its assets in the year 2025.…
An actuarial projection of the future solvency of the Chicago Park District’s pension fund has estimated that the fund will exhaust its assets in the year 2025.…
The Civic Federation analyzes the budgets of nine Chicago area local governments. One important indicator that the Federation utilizes to assess the financial health of these municipalities is their fund balance level. In particular, we…
The Civic Federation’s Cook County Modernization 100-Day Accountability Report continues the work of our Cook County Modernization Project. This report includes detailed information on the status of all 36 recommendations from the Civic…
Today marks the 100th day since Toni Preckwinkle took office as President of the Cook County Board of Commissioners. During that time, the County has begun to implement a variety of reforms including many of the recommendations from the…
This report analyzes basic financial data on ten major local government employee pension funds in Cook County. It is intended to provide lawmakers, pension trustees, pension fund members and taxpayers with the information they need to make…
The staff and President of the Forest Preserve District of Cook County filed a FY2011 proposed budget for review by the District’s governing board on October 6, 2010, almost three months before the start of the new fiscal year on January 1…
The Civic Federation supports the FY2011 Forest Preserve District of Cook County budget of $198.0 million, which includes both operating and capital expenditures. The proposed FY2011 budget represents a decrease of $236.3 thousand, or 0.1…
On January 13, 2011, the Civic Federation sent this letter to Governor Quinn urging him to sign Senate Bill 3778. Click here to read a Civic…
On February 14 Governor Quinn signed into law Public Act 096-1527 which effectively ended the Seniors Ride Free program instituted by former Governor Rod…