(CHICAGO) A Civic Federation report released today found that the funding status of ten major Chicago-area public employee pension funds continued to deteriorate in FY2009. The group’s annual survey of local pension trends found that each…
This report analyzes basic financial data on ten major local government employee pension funds in Cook County. It is intended to provide lawmakers, pension trustees, pension fund members and taxpayers with the information they need to make…
In discussions of the State of Illinois’ budget, no issue is more contentious—or more confusing—than recent spending trends. Simply stated, is Illinois spending more or less than it was two years ago?…
The Institute for Illinois’ Fiscal Sustainability at the Civic Federation recently described how some State of Illinois pension bond proceeds…
The Civic Federation supports the FY2011 Forest Preserve District of Cook County budget of $198.0 million, which includes both operating and capital expenditures. The proposed FY2011 budget represents a decrease of $236.3 thousand, or 0.1…
(CHICAGO) Even though the staff of the Forest Preserve District of Cook County completed and filed its budget three months ago and is now over three weeks into the 2011 fiscal year, the dual board of Commissioners that governs both the…
In addition to the tax increase and spending limits bill approved in the last hours of the 96th Illinois General Assembly,…
This article discusses how employees hired by the State of Illinois before January 1, 2011 will be placed into a more lucrative pension plan than those hired on or after that date. The Civic Federation says that after the State passed a…
This segment of the “Marketplace” program discusses the effect the State of Illinois budget gap has had on its fiscal outlook. Civic Federation President Laurence Msall says the State has not properly funded its pension system, which could…
Over the course of 2010 the IIFS blog explored a number of State of Illinois budget topics ranging from Medicaid/HMO funding issues to the State public pension system. Posts on the IIFS blog not only supplement IIFS publications, but also…
