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City of Chicago

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What’s Next for Local Governments in 2013?

A look back at the Civic Federation’s blog this year provides a preview of upcoming fiscal challenges for local governments in 2013. Pension Funding The most urgent fiscal challenge for Illinois governments continues to be the pension…

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Civic Federation Recommendations for the Chicago-area Local Governments

Last week the Civic Federation marked the end of the FY2013 budget season with a blog that summarized the proposed budgets for the nine local governments the Federation…

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FY2013 Budget Season Summary

Last week marked the end of the budget season for the nine local governments monitored by the Civic Federation. These governments include: the City Colleges of Chicago, Chicago Public Schools (CPS), DuPage County, City of Chicago, Cook…

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Estimated Full Value of Real Property in Cook County: 2001-2010

This report provides estimates of the total market value of real property in Cook County from 2001-2010 and shows how property value is spread among the City of Chicago, the northern and the southern suburbs. The full market value of real…

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City of Chicago Pensions See Continued Decline

As highlighted in the Civic Federation’s analysis of the proposed FY2013 City of Chicago budget and discussed in last week’s…

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Civic Federation Supports City's FY2013 Proposed Budget

On October 31, 2012, the Civic Federation released its analysis of the City of Chicago’s…

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City of Chicago FY2013 Proposed Budget: Analysis and Recommendations

The Civic Federation supports the City of Chicago’s FY2013 proposed $6.5 billion budget which reduces the City’s reliance on one-time revenue sources while restructuring City government through better managing personnel expenditures.…

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Drop in State's PPRT Distributions Mean Less Revenue for City

Last week, the Civic Federation’s Institute for Illinois’ Fiscal Sustainability published a blog on the State of Illinois’ Personal Property…

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Update on Recommendations for a Financially Sustainable City of Chicago

On June 30, 2011 the Civic Federation released Recommendations for a Financially Sustainable City of Chicago. The report offered a comprehensive set of forty recommendations to…

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Korshak Settlement Agreement and the Retiree Healthcare Benefits Commission

Since 1988, the City of Chicago and its four pension funds have been party to the settlement of…