This article examines the causes and effects of Illinois’ ongoing pension crisis and the Illinois Senate’s proposed solution. Civic Federation President Laurence Msall notes the intent of Illinois’ pension protection clause was probably…
The following news items cover the release of the Institute for Illinois’ Fiscal Sustainability at the Civic Federation's State of Illinois FY2018…
(CHICAGO) – In a report released today, the Civic Federation’s Institute for Illinois’ Fiscal Sustainability proposes a comprehensive five-year plan that addresses the State’s ongoing financial crisis and budget impasse with painful but…
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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.
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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(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…
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…
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…
