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Forest Preserve District of Cook County

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Forest Preserve District of Cook County FY2017 Executive Budget Recommendation: Analysis and Recommendations

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Local Governments Must Repay $168 Million to the State

In April 2016, the Illinois Department of Revenue announced that it discovered a misallocation totaling an estimated $168 million in…

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FY2016 Budget Season Summary

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Forest Preserve District of Cook County FY2016 Executive Budget Recommendation: Analysis and Recommendations

The Civic Federation supports the Forest Preserve District of Cook County’s proposed $190.3 million budget. The proposed plan is reasonable and balanced, does not use fund balance reserves for operations and holds the property tax levy…

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Chicagoans’ Pension Obligations Per Capita Rose 199.4% Since 2004

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Long-Term Debt for Eight Major Chicago Governments Rises by 59.2% in 10-Year Period

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2014 Year in Review on the Civic Federation Blog

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Forest Preserve District of Cook County FY2015 Executive Budget Recommendation: Analysis and Recommendations

The Civic Federation supports the Forest Preserve District of Cook County’s FY2015 proposed $187.4 million budget for holding the property tax levy relatively flat and minimizing the use of one-time resources. This balanced budget is very…

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Status of Local Pension Funding Fiscal Year 2012

Chicago-area public employee pension funding levels continued to decline in FY2012, with total unfunded liabilities for the ten funds analyzed rising to $37.2 billion from $32.0 billion in FY2011. On average, the ten funds analyzed had an…

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Pension Funding Basics: Assets and Liabilities

The most basic question about a pension fund is whether its assets are sufficient to cover total liabilities incurred. In this blog post, we examine the aggregate pension liabilities and Other Post…