Pensions

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Public Employee Benefits Debate

In a roundtable discussion, Civic Federation President Laurence Msall discusses government employee pension reform.

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State Completes Pension Bonds Sale

For the second year in a row, the State of Illinois raised funds in the municipal bond market to make its annual pension contributions. On February 23, 2011, the State finalized the sale of $3.7 billion worth of Pension Obligation Bonds (…

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Chicago mayor race: Softer Rahm Emanuel bids for hard task

This segment discusses Rahm Emanuel’s mayoral campaign. It cites the warning in the Civic Federation’s “

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Biz agencies applaud Cook Budget

This article discusses the Civic Federation's support for Cook County President Toni Preckwinkle's FY2011 proposed budget, based in part on its moves to reduce the size of its operations. It mentions that the Federation has concerns about…

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Do the pension math: Not all public workers can knock off at 50 with generous benefits

This column by Greg Hinz discusses the intricacies of pension benefits in Illinois and cites the Civic Federation’s “…

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Governor Proposes FY2012 Budget with More Borrowing and Spending

Governor Pat Quinn’s proposed FY2012 budget for the State of Illinois features additional borrowing and an overall increase in spending, despite steep spending reductions in the area of human services. The…

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Civic Federation Supports Leaner Cook County Budget, Operational Reforms

(CHICAGO) The Civic Federation will announce its support for the proposed $3.0 billion FY2011 Cook County budget at a public hearing today. The plan cuts expenditures and employee headcount while committing to a full repeal of the sales…

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Cook County FY2011 Proposed Budget: Analysis and Recommendations

The Civic Federation supports Cook County’s $3.0 billion FY2011 Executive Budget Recommendation as it reflects a significant effort to reduce expenditures. The new County administration also appears to be on a path toward significant…

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Illinois’ Financial Future Uncertain After Tax Increase: Civic Federation Urges General Assembly to Reject Expensive $8.75 Billion Borrowing Plan

(CHICAGO) The Civic Federation’s Illinois research institute warns that a large tax increase alone has not fixed the state’s broken budget. The Federation’s new FY2012 Budget Roadmap, released ahead of Governor Quinn’s budget address,…

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State of Illinois FY2012 Budget Roadmap: An Analysis of Governor Pat Quinn’s Preliminary Budget Plans and Actionable Recommendations for the Governor and the Illinois General Assembly

Prior to the release of the Governor’s annual budget recommendation the Institute for Illinois’ Fiscal Sustainability at the Civic Federation releases an analysis of the State of Illinois’ fiscal condition and actionable recommendations…