This article about the City of Chicago mayoral race and the challenges the next mayor will face cites a Civic Federation report that found that Chicago area governments’ unfunded pension liabilities total about $23 billion.
In this article about the market for Illinois bonds, the Civic Federation says that the State’s plan to borrow money to pay into its pension system is too expensive and that the State should consider cutting its costs if it cannot pay its…
Civic Federation President Laurence Msall talks about the issues facing the next mayor of the City of Chicago in this news segment.
In order to pay income tax refunds owed to taxpayers, the State of Illinois sets aside a percentage of income tax receipts received throughout the year and deposits them into a special fund. Different percentages apply to individuals and…
The long-term lease of assets by the City of Chicago is one of the most significant financial undertakings by the City in recent years. These groundbreaking transactions have received national attention and been examined by other…
This article discusses the Civic Federation's support for Cook County President Toni Preckwinkle's FY2011 proposed budget, based in part on its moves to reduce the size of its operations. It mentions that the Federation has concerns about…
In this article about the City of Chicago mayoral race and the various fiscal issues the candidates have been debating, the Civic Federation says that for the City to stabilize its finances, it will need major structural changes in its…
This editorial discusses Governor Pat Quinn’s FY2012 State of Illinois proposed budget and the need for major fiscal reform in Illinois. The Civic Federation says that limited and short-term borrowing to pay overdue bills may be an idea…
This editorial discusses recommendations made by the Civic Federation’s “Financial Challenges for the New Mayor…
