Pensions

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Reaction to Rauner’s State of the State Address, Illinois’ Fiscal Woes

In this segment, Civic Federation President Laurence Msall joined a Chicago Tonight panel to discuss Governor Rauner’s recent State of the State address and Illinois’ continued fiscal issues.

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Illinois Senate sends Chicago pension reform bill to governor

This article discusses a pension reform bill recently passed by the Illinois General Assembly aimed at shoring up Chicago’s municipal and laborer pension funds. Laurence Msall, President of the Civic Federation, remarks that the pension…

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2016 Year in Review on the Civic Federation Blog

The following are the five most read posts presented by the Civic Federation blog in 2016. These posts examine issues ranging from local government consolidation to pension funding reform.  …

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Civic Federation Supports Chicago Park District's FY2017 Budget

(CHICAGO) In an analysis released today, the Civic Federation announced its support for the Chicago Park District’s proposed FY2017 operating budget of $449.4 million. The budget continues to reduce the District’s reliance on fund balance…

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Chicago Park District FY2017 Budget: Analysis and Recommendations

The Civic Federation supports the Chicago Park District’s proposed FY2017 operating budget of $449.4 million because it continues to reduce the District’s reliance on fund balance to close its budget deficits and keeps the property tax…

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Emanuel extends the deadline to apply for property tax rebate

This article discusses the City of Chicago’s decision to extend its property tax rebate application deadline after only a small percentage of eligible City homeowners applied. Laurence Msall, President of the Civic Federation, remarks that…

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Civic Federation Supports Metropolitan Water Reclamation District's FY2017 Tentative Budget

(CHICAGO) In an analysis released today, the Civic Federation announced its support for the Metropolitan Water Reclamation District’s FY2017 Tentative budget of $1.13 billion because the District continues to demonstrate a sensible…

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Metropolitan Water Reclamation District FY2017 Tentative Budget: Analysis and Recommendations

The Civic Federation supports the Metropolitan Water Reclamation District’s FY2017 Tentative budget of $1.13 billion because the District continues to demonstrate a sensible and proactive approach to meeting its financial challenges. As…

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Emanuel proposes changes to aldermanic pension plan

This article discusses a proposal to change the City of Chicago’s aldermanic pension plan in order to help save the City’s Municipal Employees Pension Fund. Laurence Msall, President of the Civic Federation, applauds the City’s proposal…

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Pension Burden Worsens in Illinois

This article discusses the State of Illinois’ worsening pension problems and cites a recent Civic Federation…