The Civic Federation supports the Cook County FY2012 Executive Budget Recommendation totaling $2.9 billion. Cook County Board President Toni Preckwinkle’s proposed $2.2 billion General Fund budget is a 4.6%, or $107.4 million, decrease…
Civic Federation Urges Mayor, City Council to Get Moving on Pension Reform The Civic Federation announced its support for the proposed $6.3 billion FY2012 City of Chicago Budget today. The Federation’s full 106-page report not only reviews…
The Civic Federation supports the proposed FY2012 City of Chicago budget of nearly $6.3 billion because it takes effective action to reduce the City’s structural deficit through significant expenditure reductions and targeted revenue…
The Cook County pension fund actuarial value funded ratio has fallen from 88.9% to 60.7% over ten years. The unfunded accrued actuarial liabilities have reached $5.2 billion or $993 per Cook County resident. While the County’s pension fund…
The Illinois General Assembly is expected to take up a host of budget-related bills during its veto session, which opened on October 25, 2011. During the veto session, the…
City of Chicago Mayor Rahm Emanuel’s budgetary plans for the City are the focus of this article. The Civic Federation says that the City’s debt obligations do not allow much budgetary wiggle room in the latest City budget. The Federation…
Civic Federation Encourages County to Fully Implement Planning Policies (CHICAGO) The Civic Federation supports the proposed $434.7 million DuPage County budget for FY2012 because it cuts spending for the third year in a row while holding…
The Civic Federation supports the DuPage County Proposed FY2012 Financial Plan of $434.7 million. The County is reducing expenditures for the third year in a row while pledging to maintain the existing level of service and keep the…
Faced with mounting pension costs, the State of Illinois and a number of other states are considering moving away from traditional pension plans.…
