This report examines the State of Illinois’ operating and capital budgets as enacted for Fiscal Year 2012, which began on July 1, 2011 and ends on June 30, 2012. Despite a major income tax increase implemented in January 2011, the total…
Major Tax Increase, Cuts to Appropriations Did Not Fix State’s Finances (CHICAGO) The Institute for Illinois’ Fiscal Sustainability at the Civic Federation released its analysis of the enacted FY2012 State budget today. The report found…
Civic Federation President Laurence Msall discussed public pensions in Chicago on the "Roe and Roeper" talk show.
Civic Federation President Laurence Msall was interviewed for this news segment that discusses possible changes to a State law that allows some union leaders to base their public pensions on their union salaries.
In this front page story about union leaders who earn City of Chicago pensions based on their union salaries, the Civic Federation is quoted saying that taxpayers should not be called upon to fund pensions that are not based upon work done…
In this news segment about pension fund benefits received by a Chicago Federation of Labor leader and loopholes in the systems allowing employees to receive multiple pension benefits, Civic Federation President Laurence Msall says that…
This article is about the Civic Federation’s analysis of Chicago Public Schools $5.9 billion FY2012 budget…
The Civic Federation announced its support for the Chicago Public Schools proposed FY2012 budget in a 82-page analysis released today at civicfed.org. Although supporting the CPS’s proposed $5.9 billion spending plan for the coming school…
The Civic Federation supports the Chicago Public Schools proposed $5.9 billion budget for FY2012, which is an increase of 1.5%, or $87.0 million, from the year-end estimates of FY2011. The proposed budget is a reasonable short-term plan to…
In its fiscal year 2012 budget proposal, the Chicago Public Schools administration provided for the first time a three-year projection of its future financial situation on…
