The Chicago Park District is to be commended for holding its property tax levy flat for the sixth straight year, says a Civic Federation report released today. The District will rely on non-tax revenues and a slight cut in staffing levels…
The Civic Federation released today its analysis of the Chicago Park District’s proposed FY2011…
The City of Chicago contributed $423.9 million to its Municipal, Laborers, Police, and Fire pension funds in fiscal year 2009, an amount equivalent to 13.4% of payroll. If it were following a fiscally reasonable pension funding policy it…
A new report by the Civic Federation’s Institute for Illinois’ Fiscal Sustainability (IIFS)…
(CHICAGO) The Civic Federation’s Institute for Illinois’ Fiscal Sustainability released a plain-English summary of the State of Illinois’ FY2011 enacted budget today. The 26-page report is available on our website,…
This report examines the State of Illinois’ $53.5 billion operating budget for Fiscal Year 2011, which began on July 1, 2010 and ends on June 30, 2011. The report focuses on the $25.8 billion General Funds budget, the largest component of…
This news story explains how politics has helped create a situation in which Chicago pension funds are at risk of insolvency. The Civic Federation says that pension “holidays” have had a negative effect on funding levels of some pension…
This article compares the different statements made by think tank organizations about the extent of Illinois’ fiscal issues. The Civic Federation says that while State employees are not overpaid, they do receive very generous retirement…
This article about the State of Illinois’ possible plans to borrow to make its required pension contribution cites a Civic Federation blog post “…
The Civic Federation's legislative priorities for 2011 include public pension reform, requiring state government to develop and implement a capital improvement plan, the dissolving of the Illinois International Port District, creating a…
