Pensions

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Civic Federation 2010 Legislative Priorities

The Civic Federation's legislative priorities for 2010 include public pension reform, requiring state government to develop and implement performance measurement and a capital improvement plan, the dissolving of the Illinois International…

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MWRD Proposes Pension Reform Task Force

As noted on page 9 of its FY2010 Tentative Budget, the Metropolitan Water Reclamation District of Greater Chicago will begin to…

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Metropolitan Water Reclamation District FY2010 Tentative Budget: Analysis and Recommendations

The Civic Federation supports the Metropolitan Water Reclamation District’s FY2010 Tentative Budget of nearly $1.7 billion as a prudent response to revenue shortfalls. The MWRD plans to prioritize spending, control personnel costs, and…

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Update on State’s Short Term Borrowing Plans

Facing a multi-billion dollar mountain of unpaid bills and declining revenues, Governor Pat Quinn has proposed a new short-term borrowing plan for the State of Illinois that has encountered opposition from the Comptroller’s Office. As…

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Study: Ill. In fiscal mire

This article about a report on the States in the worst fiscal condition by the Pew Center on the States quotes the Civic Federation in its profile of Illinois’…

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City of Chicago FY2010 Proposed Budget: Analysis and Recommendations

The Civic Federation opposes the FY2010 City of Chicago budget of $6.14 billion because it is unsustainable and relies too heavily on one-time reserve funds to close a $520.0 million budget deficit. The proposed drastic draw down of long-…

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Moody’s Highlights Illinois Pension Problems

The State of Illinois’ inadequate funding of its employee retirement systems has already contributed to downgrades in the State’s credit ratings and will continue to affect rating decisions for many years, according to a new report by…

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Chicago Transit Authority FY2010 Proposed Budget: Analysis and Recommendations

The Civic Federation supports the Chicago Transit Authority’s (CTA) proposed FY2010 budget of $1.29 billion. Facing significant public funding short falls, CTA plans to close its $300.9 million deficit with fare increases ranging from 25…

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DuPage County FY2010 Proposed Budget: Analysis and Recommendations

The Civic Federation supports the $521.2 million FY2010 DuPage County budget proposal because it maintains funding for core programs while providing property tax relief. The County has additionally improved its budget planning process and…

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To Pension or Not to Pension…Then What?

Civic Federation President Laurence Msall was a panelist for this discussion on public pensions in Illinois.