Pensions

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CPS' $389 million funding fix: Haul out the plastic

This article examines the City of Chicago’s proposed short-term borrowing plan to prevent the Chicago Public Schools from ending the school year early. Civic Federation President Laurence Msall remarks that the District could pay a premium…

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Coverage of the State of Illinois FY2018 Recommended Budget Analysis

The following news items cover the release of the Institute for Illinois’ Fiscal Sustainability at the Civic Federation's analysis of Governor Rauner’s FY2018…

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State of Illinois FY2018 Recommended Operating Budget: Analysis and Recommendations

Click here to read the full report. The Civic Federation’s Institute for Illinois’ Fiscal Sustainability not able to support…

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Rahm Emanuel postpones briefings on CPS rescue

This article discusses the City of Chicago taking additional time to determine how to prevent the Chicago Public Schools from ending the school year early due to financial issues. Laurence Msall, President of the Civic Federation, notes…

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Rahm likely will have to rescue CPS, no matter how judge rules

This article discusses what options the City of Chicago might have to aid the Chicago Public Schools and prevent the District from ending the school year early due to serious financial issues. Civic Federation President Laurence Msall…

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Governor Rauner Vetoes Chicago Municipal and Laborers’ Pension Reforms

On Friday March 24, 2017 Illinois Governor Bruce Rauner vetoed Senate Bill 2437,…

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Illinois Issues: The Great Pension Chasm

This article examines the causes and effects of Illinois’ ongoing pension crisis and the Illinois Senate’s proposed solution. Civic Federation President Laurence Msall notes the intent of Illinois’ pension protection clause was probably…

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Coverage of FY2018 State of Illinois Budget Roadmap

The following news items cover the release of the Institute for Illinois’ Fiscal Sustainability at the Civic Federation's State of Illinois FY2018…

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Civic Federation Proposes Comprehensive Multi-Year Plan To Stabilize Illinois Finances

(CHICAGO) – In a report released today, the Civic Federation’s Institute for Illinois’ Fiscal Sustainability proposes a comprehensive five-year plan that addresses the State’s ongoing financial crisis and budget impasse with painful but…

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State of Illinois FY2018 Budget Roadmap

Click here to read the full report. Prior to the release of the Governor’s annual budget recommendation, the Institute for Illinois’ Fiscal Sustainability at the…