Pensions

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2015 Year in Review for Institute for Illinois’ Fiscal Sustainability Blog Posts

The following were among the most highly read posts provided by the Institute for Illinois’ Fiscal Sustainability in 2015. Understandably, they represent the most closely followed Illinois fiscal issue of the year: the ongoing state budget…

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FY2016 Budget Season Summary

FY2016 Budget Season Summary December 3, 2015 marked the end of the budget season for the eight local governments monitored by the Civic Federation. These governments include: the…

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Chicago Teachers Union Votes to Authorize Strike

This article discusses the Chicago Teachers Union’s recent vote to authorize a strike. If the strike were to happen, it would be the second strike in three years. Civic Federation President Laurence Msall explained that the District’s…

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MWRD of Chicago Budget Praised

This article covers the Civic Federation’s December 3 analysis of the FY2016 Metropolitan Water Reclamation District Tentative Budget. The Federation…

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Civic Federation Supports Metropolitan Water Reclamation District's FY2016 Tentative Budget

In an analysis released today, the Civic Federation announced it supports the Metropolitan Water Reclamation District’s Tentative FY2016 budget of $1.21 billion. The District proposes a reasonable, balanced budget while maintaining ample…

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Metropolitan Water Reclamation District FY2016 Tentative Budget: Analysis and Recommendations

The Civic Federation Supports the Metropolitan Water Reclamation District’s tentative budget of $1.21 billion for being reasonable and balanced while maintaining ample reserves and for its fiscal responsibility in properly funding pensions…

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Civic Federation Supports Chicago Park District's FY2016 Budget

Accommodates Increased Pension Contributions and Holds Property Tax Levy Relatively Flat In an analysis released today, the Civic Federation supports the Chicago Park District’s proposed FY2016 operating budget of $458.1 million. The…

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Growth of Illinois Pension Tab Slows

This article discusses a blog post by the Illinois Institute for Illinois’ Fiscal Sustainability that…

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Civic Federation Supports FY2016 Forest Preserve District Of Cook County Budget

Reasonable Plan for Next Year, but Underfunded Pensions Remain a Concern In an analysis released today, the Civic Federation announced it supports the Forest Preserve District of Cook County’s proposed FY2016 budget of $190.3 million.…

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Forest Preserve District of Cook County FY2016 Executive Budget Recommendation: Analysis and Recommendations

The Civic Federation supports the Forest Preserve District of Cook County’s proposed $190.3 million budget. The proposed plan is reasonable and balanced, does not use fund balance reserves for operations and holds the property tax levy…