Pensions

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City Colleges of Chicago FY2009 Tentative Budget: Analysis and Recommendations

The Civic Federation does not support the City Colleges' proposed FY2009 budget because it is unsustainable and relies almost exclusively on revenue enhancements, such as a maximum property tax increase, rather than focusing on ways to…

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State of Illinois FY2009 Recommended Operating Budget: Analysis and Recommendations

The Civic Federation opposes the unaffordable program expansions and long-term borrowing proposed in the FY2009 State budget recommendation, but supports the proposed 3% cut from non-priority agencies and other efforts to streamline and…

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State of Illinois Constitutional Convention Fiscal Issues

This issue brief provides an overview of some state and local fiscal issues that could be considered at a new Illinois Constitutional Convention. The proposals described do not necessarily reflect positions of the Civic Federation, but are…

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Civic Federation 2008 Legislative Priorities

The Civic Federation's legislative priorities for 2008 include public pension reform, tax increment financing disclosure, creation of a separate board of commissioners for the Cook County Forest Preserve District, school financial…

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Status of Local Pension Funding Fiscal Year 2006: An Evaluation of Ten Local Government Pension Funds in Cook County

This report provides a trend analysis of indicators that measure the financial health and performance of ten major local government pension funds from 1997 to 2006. It finds a combined 18.3 billion dollars in unfunded liabilities for the…

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Metropolitan Water Reclamation District FY2008 Tentative Budget: Analysis and Recommendations

The Civic Federation supports the MWRD's FY2008 Budget because it minimizes the burden on taxpayers and demonstrates sound financial planning techniques. The Civic Federation is concerned about the declining funded ratio of the MWRD…

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Chicago Park District FY2008 Operating Budget Recommendations: Analysis and Recommendations

The Civic Federation supported the Chicago Park District's FY2008 Budget because the District did not raise its property tax levy this year, and has continued to hold down operating costs through a combination of careful management…

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DuPage County FY2008 Proposed Budget: Analysis and Recommendations

The Civic Federation supports DuPage County's proposed FY2008 $420.4 million budget, which includes a 12.1% or $60.1 million decrease in spending over the previous year and calls for the elimination of 10% of the workforce or 241 full-time…

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Chicago Transit Authority FY2008 Proposed Budget: Analysis and Recommendations

The Civic Federation supports the CTA's proposed $1.0 billion FY2008 budget because it makes the necessary fare and service changes to create a blanced budget for the coming fiscal year. The Federation calls on the General Assembly and…

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City of Chicago FY2008 Proposed Budget: Analysis and Recommendations

The Civic Federation opposes the City of Chicago's proposed $5.9 billion budget. The budget proposes an additional $266.6 million in new spending and includes a $108.0 million property tax increase, the largest in recent Chicago history.…