Pensions

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Civic Federation Supports Metropolitan Water Reclamation District's FY2016 Tentative Budget

In an analysis released today, the Civic Federation announced it supports the Metropolitan Water Reclamation District’s Tentative FY2016 budget of $1.21 billion. The District proposes a reasonable, balanced budget while maintaining ample…

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Metropolitan Water Reclamation District FY2016 Tentative Budget: Analysis and Recommendations

The Civic Federation Supports the Metropolitan Water Reclamation District’s tentative budget of $1.21 billion for being reasonable and balanced while maintaining ample reserves and for its fiscal responsibility in properly funding pensions…

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Civic Federation Supports Chicago Park District's FY2016 Budget

Accommodates Increased Pension Contributions and Holds Property Tax Levy Relatively Flat In an analysis released today, the Civic Federation supports the Chicago Park District’s proposed FY2016 operating budget of $458.1 million. The…

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Growth of Illinois Pension Tab Slows

This article discusses a blog post by the Illinois Institute for Illinois’ Fiscal Sustainability that…

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Civic Federation Supports FY2016 Forest Preserve District Of Cook County Budget

Reasonable Plan for Next Year, but Underfunded Pensions Remain a Concern In an analysis released today, the Civic Federation announced it supports the Forest Preserve District of Cook County’s proposed FY2016 budget of $190.3 million.…

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Forest Preserve District of Cook County FY2016 Executive Budget Recommendation: Analysis and Recommendations

The Civic Federation supports the Forest Preserve District of Cook County’s proposed $190.3 million budget. The proposed plan is reasonable and balanced, does not use fund balance reserves for operations and holds the property tax levy…

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Civic Federation Supports FY2016 CTA Budget

Holds Fares Flat, but Could be Complicated by State Budget Impasse In an analysis released today, the Civic Federation announced it supports the Chicago Transit Authority’s (CTA) proposed FY2016 operating budget of $1.47 billion. The…

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Chicago Transit Authority President's FY2016 Budget Recommendations: Analysis and Recommendations

The Civic Federation supports the Chicago Transit Authority's (CTA) FY2016 operating budget of nearly $1.47 billion. The budget represents a continued effort to actively manage costs and improve service levels. The CTA is continuing to…

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Proposed State of Illinois Pension Contributions to Increase by $288.8 Million in FY2017

The State of Illinois’ contributions to its five pension funds will rise by $288.8 million to $7.8 billion in the next budget year, according to preliminary estimates by the retirement systems. The proposed 3.8% increase will add to the…

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Mayor Emanuel on Taxes, Fees and Whether His Budget Will Pass

In this interview on the City of Chicago’s Proposed FY2016 Budget with Mayor Rahm Emanuel, the Mayor discusses the Civic Federation’s analysis of the…