City Pension Commission Report Shows Dire Financial Condition of Pension Funds
The City of Chicago released the final report of the Commission to Strengthen…
The City of Chicago released the final report of the Commission to Strengthen…
The Civic Federation opposes Governor Pat Quinn’s $52 billion FY2011 recommended operating budget for the State of Illinois because it is unbalanced and does too little to address the State’s fiscal crisis. The Governor’s recommended…
The State of Illinois currently pays the entire bill for health insurance premiums for 90% of retired state workers. Under Illinois law, retirees with at least 20 years of…
Although some national economic indicators suggest that the global recession, which began in December 2007, is showing signs of a gradual recovery, many state budgets are more stressed…
The Civic Federation supports the Illinois General Assembly’s first steps toward comprehensive public pension reform in Illinois and urges state leaders to implement further reforms. On Wednesday, March 24, 2010, the Illinois General…
The Civic Federation supports the Illinois General Assembly’s first steps toward comprehensive public pension reform in Illinois and urges state leaders to implement further reforms. On Wednesday, March 24, 2010, the Illinois General…
Federal healthcare reform could increase the State of Illinois’ Medicaid enrollment by 400,000 to 600,000 recipients beginning in 2014, but the federal government is expected to pay nearly all the additional cost for newly eligible…
Governor Pat Quinn’s recommended FY2011 budget, issued on March 10, 2010, proposes borrowing $4.7 billion to cover FY2011’s projected operating deficit. No details about the Governor’s borrowing plan have yet been made available. However,…
Although the proposed FY2011operating budget for the State of Illinois, which includes a $4.7 billion annual deficit and carrying forward $6 billion in…