The Civic Federation often voices concerns when governments use one-time or nonrecurring revenue sources for ongoing expenses. There are a number of reasons this can be problematic. By definition such revenue sources will not be…
On Monday the Civic Federation released its analysis of the Chicago Public Schools FY2011 proposed budget.…
The Civic Federation supports the Chicago Public Schools proposed $6.5 billion budget for FY2011, which is a reduction of 5.9% or $402.3 million from the proposed FY2010 budget. The proposed budget offers a short-term solution to the…
On June 15, 2010 the Chicago Board of Education approved measures to cope with the school district’s…
Civic Federation Position Statement on School Vouchers June 17, 2010 The Civic Federation supports the use of vouchers to provide students in low-performing public schools with the opportunity to attend private schools. We view charter…
The Chicago School Finance Authority (SFA) is scheduled to be officially dissolved on June 1, 2010. The SFA is a separate unit of government created in 1980 by the Illinois General Assembly and charged with “promoting the financial…
All ten Chicago-area local government pension funds analyzed annually by the Civic Federation had negative investment returns in fiscal year 2008 for a total investment…
The total unfunded liabilities of the ten major Chicago-area public pension funds reached $18.5 billion in fiscal year 2008. That is an increase…
As reported in the Civic Federation’s latest report on ten local government pension funds, the most recent audited financial statements of the…
This report analyzes basic financial data on ten major local government employee pension funds in Cook County. It is intended to provide lawmakers, pension trustees, pension fund members and taxpayers with the information they need to…
