Pensions

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State of Illinois FY2004 Proposed Budget: Analysis and Recommendations

The Civic Federation supported the FY2004 $52.4 billion State budget because it successfully eliminated a $5.4 billion deficit without any broad based tax increases. The Federation reiterated its support for the pension obligation bond…

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State of Illinois Pension Bonds

The Civic Federation supported the Governor's proposal to issue long-term debt to meet the State's past pension obligations because of the dire budget condition of the State, past funding inadequacies, nad the currently historically low…

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Status of Local Pension Funding 2001: An Evaluation of Nine Local Pension Funds within Cook County & the Five Collar County Funds in the Illinois Municipal Retirement Fund

This report provides a 6-year trend analysis of indicators that measure the financial health and performance of 9 major local government pension funds from 1996 to 2001.

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Civic Federation 2003 Legislative Priorities

The Civic Federation's legislative priorities for the 93rd General Assembly include property tax assessment appeals, public employee pensions, Illinois Toll Highway Authority, Cook County Forest Preserve District, State sales and income…

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Chicago Park District FY2003 Proposed Budget: Analysis and Recommendations

The Civic Federation supported the Chicago Park District’s $338 million FY2003 budget because the budget was balanced by eliminating over 180 positions and reducing contractual service expenses rather than resorting to broad based tax…

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Metropolitan Water Reclamation District FY2003 Budget: Analysis and Recommendations

The Civic Federation opposed the $7.3 million property tax hike proposed by the Metropolitan Water Reclamation District in its FY2003 $758 million budget.

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Forest Preserve District of Cook County FY2003 Proposed Budget: Analysis and Recommendations

The Civic Federation supported the proposed FY2003 $141 million budget because of the proposed expenditure reductions of nearly $7 million, the elimination of 473 positions, the implementation of management efficiencies including…

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Cook County FY2003 Proposed Budget: Analysis and Recommendations

The Civic Federation commended President Stroger for proposing a $2.9 billion budget that is balanced with no broad based tax increases andcontinues a trend toward reducing reliance on property tax.

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City of Chicago FY2003 Proposed Budget: Analysis and Recommendations

The Civic Federation commended the City of Chicago for avoiding any broad based tax increases in its efforts to balance the $4.7 billion FY2003 budget.

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City Colleges of Chicago FY2003 Proposed Budget: Analysis and Recommendations

The Civic Federation was encouraged by the City Colleges’ efforts to balance its $296 million budget by reducing positions and drawing down reserves. The Federation also applauded its efforts to implement a strategic planning process.