This issue brief describes various forms of privatization available to the public sector, including asset sales, contracting out of management, corporatization, internal markets, intergovernmental contracts, managed competition, and…
The Civic Federation supports the Forest Preserve District's proposed 164.5 million budget because the District has made important steps toward professionalization of its operations, including the issuance of a Capital Improvement Plan.…
This report provides a trend analysis of indicators that measure the financial health and performance of ten major local government pension funds from 1997 to 2004. It finds a combined $14.4 billion in unfunded liabilities for the ten…
This issue brief provides a "plain English" description of how GASB 43 and 45 will require government financial reporting on non-pension post-employment benefits (OPEB). It is illustrated with preliminary estimates of unfunded OPEB…
The Civic Federation opposed the Forest Preserve District’s FY2006 Budget because the District's Capital Improvements Plan and budget document fail to meet minimum standards for disclosure and accountability.
This report provides a trend analysis of indicators that measure the financial health and performance of 9 major local government pension funds from 1998 to 2003. It finds a combined $9.7 billion in unfunded liabilities for the nine funds.
The Civic Federation opposed the Forest Preserve District’s FY2005 Budget because the District has failed to meet minimum standards for disclosure and accountability in its budget process and has implemented a 13.6% property tax increase…
The Civic Federation was concerned about the lack of transparency of this proposal. It questioned the rationale for approving $100 million in proposed projects without producing a Capital Improvement Plan (CIP) and before presenting the…
This issue brief provides a "plain English" description of how GASB 34 has increased transparency in government financial reporting. It is illustrated with examples from the City of Chicago's FY2002 CAFR, as well as State of Illinois and…
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 1997 to 2002.
