Pensions

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DuPage County Proposed FY2011 Budget: Analysis and Recommendations

The Civic Federation supports the DuPage County FY2011 proposed operating budget of $459.4 million. The County is reducing operating expenditures for the second year in a row while pledging to maintain the existing level of service and…

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Cook County Modernization Report

The purpose of the Cook County Modernization Report is to provide leaders of the County with ideas for reshaping and refining County government that will improve service delivery to residents while reducing wasteful spending and decreasing…

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State Budget Gaps: Debt Holes Deepen

This news segment is about how some states are coping with severe budgetary troubles in the current recessed economy. In a discussion of the State of Illinois, Civic Federation President Laurence Msall says Illinois’ fiscal troubles are…

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State must lead way if communities are to regain financial stability

This opinion piece explores the effect that the State of Illinois’ fiscal crisis is having on the community of Oak Park. The Civic Federation says the State’s problems are likely to become worse and that deeper pension program reforms are…

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Our View: State shouldn’t steal from future to pay for pensions

In this editorial about how the State of Illinois should address its pension funding issues, the Civic Federation says that if the State borrows more money, it risks further downgrades to its bond ratings and higher interest rates.

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Civic group gives CPS budget cool OK

This article explores findings in the Civic Federation’s analysis of Chicago Public Schools’ $6.5 billion FY2011 proposed budget. It notes the Federation’s opposition to the District’s plans to deplete its reserve funds and take a partial…

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CPS Budget Plan Receives a Grim Warning

In this news segment, Civic Federation President Laurence Msall explains the Civic Federation’s analysis of Chicago Public Schools’ FY2011 proposed budget.

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Chicago Public Schools looks to balance budget on shaky foundation: Civic Federation

This article discusses findings in the Civic Federation’s analysis of the Chicago Public Schools FY2011 proposed budget. The article mentions the Federation’s warnings about the future budget gap created by a partial pension holiday over…

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Future Effects of P.A. 96-0889 on CPS Pension System

On Monday the Civic Federation released its analysis of the Chicago Public Schools FY2011 proposed budget.…

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Letter to the Editor of the Chicago Tribune

The following letter to the editor of the Chicago Tribune from Civic Federation President Laurence Msall was published on August 24, 2010. As a non-partisan, independent government research organization, the Civic Federation applauds R.…