The Civic Federation supports the $476.1 million City Colleges of Chicago FY2007 tentative budget because it makes impressive strides in implementing business process reforms that will enable the District to better manage its resources and demonstrates fiscal restraint.
In this article about mounting bad debt and debt collection problems in the Cook County health network, the Civic Federation is quoted as urging the county to increase their transparency in how they determine bad debt.
The Civic Federation praised the Illinois General Assembly for voting to eliminate the Suburban Cook County Tuberculosis Sanitarium District, and celebrated the end of a 3-year campaign to abolish the unnecessary unit of government.
This report is a summary of Governor Blagojevich's proposed $9.95 billion FY2007 State of Illinois Capital Budget.
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.
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 funds, and makes recommendations on actions that should be taken to slow the downward spiral of pension underfunding.
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 liabilities for several jurisdictions in the U.S., as well as initial reactions of rating agencies.
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 County Government’s proposed FY2006 budget of $3.076 billion. “We are frankly disappointed by this budget,” commented Civic Federation President Laurence Msall. “…
