State of Illinois Should Not Use Pension Obligation Bond Proceeds for General Funds
The Institute for Illinois’ Fiscal Sustainability at the Civic Federation recently described how some State of Illinois pension bond proceeds…
The Institute for Illinois’ Fiscal Sustainability at the Civic Federation recently described how some State of Illinois pension bond proceeds…
The Civic Federation supports the FY2011 Forest Preserve District of Cook County budget of $198.0 million, which includes both operating and capital expenditures. The proposed FY2011 budget represents a decrease of $236.3 thousand, or 0.1…
(CHICAGO) Even though the staff of the Forest Preserve District of Cook County completed and filed its budget three months ago and is now over three weeks into the 2011 fiscal year, the dual board of Commissioners that governs both the…
In addition to the tax increase and spending limits bill approved in the last hours of the 96th Illinois General Assembly,…
The Civic Federation often recommends that local governments undertake long-term financial forecasting and planning, which the Federation believes is one of the single most important financial practices for local governments to undertake.…
In the last hours of the 96th Illinois General Assembly, on January 11, 2011, the legislature took significant action on the State’s budget by passing a bill to increase personal income tax rates from 3% to 5% and corporate income tax…
On January 13, 2011, the Civic Federation sent this letter to Governor Quinn urging him to sign Senate Bill 3778. Click here to read a Civic…
On February 14 Governor Quinn signed into law Public Act 096-1527 which effectively ended the Seniors Ride Free program instituted by former Governor Rod…
As part of the Cook County Modernization Report, the Civic Federation examined the County’s revenue and tax structure. Cook County is the only county in Illinois to…
This editorial says the State of Illinois should cut spending before searching for additional sources of revenue. It cites the Civic Federation’s “Fiscal Rehabilitation Plan for the State of…