The Civic Federation opposes the State of Illinois Recommended FY2007 operating budget because it takes a partial pension holiday of $1.1 billion at the same time as it increases spending for recurring programs by $1 billion.
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 Cook County's $3.076 billion budget because it failed to include long term management efficiencies and cost reduction measures.
Calls for New Independent Auditor to Monitor County Spending, Programs CHICAGO – Citing missed opportunities for cost-cutting and unfulfilled promises of improved management, the Civic Federation today announced its opposition to Cook…
The Civic Federation supported the MWRD's FY2006 Budget because it reduced its property tax levy by $4.4 million and continues to reduce personnel. The Federation recommended that the District pursue joint purchasing of prescription drugs…
The Civic Federation supported the City's holding the property tax levy constant for the third year in a row and eliminating vacancies, but was concerned by the lack of transparency regarding the funding for operations at Millennium Park,…
The Civic Federation supported the Chicago Park District's FY2006 Budget because the District did not raise its property tax levy this year, and continues to control personnel costs by cutting positions and restructuring its healthcare…
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.
In its first annual analysis of DuPage County’s budget and fiscal policies, the Civic Federation of Chicago Monday announced support of the County’s proposed $482.8 million budget for FY2006. Although this proposed budget includes a $2.5…
