The Civic Federation's legislative priorities for 2011 include public pension reform, requiring state government to develop and implement a capital improvement plan, the dissolving of the Illinois International Port District, creating a…
When the General Assembly reconvenes next week for its annual veto session, it is expected to continue deliberating whether to borrow in FY2011 to make its required pension payment. If approved, the borrowing plan would lighten the load on…
Last week the Civic Federation described the City of Chicago’s structural deficit in our budget analysis…
This article discusses findings in the Civic Federation’s analysis of DuPage County’s FY2011 proposed budget.
In this news segment, Civic Federation President Laurence Msall explains why the Civic Federation opposes the City of Chicago’s FY2011 budget. Mr. Msall explains that the City needs major pension fund reforms and must not rely on one-time…
This article discusses recommendations in the Civic Federation’s “Cook County Modernization Report.”
The Civic Federation’s analysis of the City of Chicago’s FY2011 proposed budget is the subject of this article. It focuses on the Federation’s opposition to Mayor Daley’s reliance on funds from asset leases to balance the City’s budget.
This article discusses the City of Chicago’s announcement that it will delay the sale of $800 million in general obligation bonds. The Civic Federation says the City faces major fiscal challenges and that its FY2011 proposed budget does…
This article discusses Chicago Parking Meters LLC’s announcement that it will sell $600 million in bonds amid news that the City of Chicago’s finances are in a precarious condition. The article mentions that the Civic Federation opposed…
After experiencing several years of poor market conditions, three of the five Illinois State employee retirement funds have reduced their expected rate of return on investments. This rate, also known as the discount rate, is used to…
