Justices question 'police powers,' emergencies in pension case
This article covers the Illinois Supreme Court’s consideration on March 11 of oral arguments for the State’s pension reform law.…
This article covers the Illinois Supreme Court’s consideration on March 11 of oral arguments for the State’s pension reform law.…
Governor Bruce Rauner’s recommended budget for fiscal year 2016 includes a new plan for reducing the State…
This editorial discusses the significant financial challenges the City of Chicago is facing related to unfunded pension liabilities and debt levels. The editorial cites Civic Federation research and discusses recent reforms to the City’s…
Two lawsuits seeking to overturn a pension reform law for the Chicago Municipal and Laborers’ funds have been put on hold pending…
In his first budget proposal for the State of Illinois, Governor Bruce Rauner recommended more than $4 billion in spending cuts and $2.2 billion in estimated pension savings to close a projected budget gap of over $6 billion in fiscal…
The Civic Federation’s previous blog examined the long-term debt of eight major local governments in northeastern Illinois. This…
In a report released today, the Civic Federation’s Institute for Illinois’ Fiscal Sustainability proposes a comprehensive five-year plan that responds to the dire reality of Illinois’ financial condition with painful, but necessary…
Prior to the release of the Governor’s annual budget recommendation, the Institute for Illinois’ Fiscal Sustainability at the Civic Federation releases an analysis of the State of Illinois’ fiscal condition and proposes a comprehensive…
At the end of December, the Illinois Auditor General released the State Actuary’s annual report on the…
The Civic Federation and IIFS blogs have written extensively about reductions to assumed rates of return on investment by State and some local public pension plans over the last several years. These changes are part of a nationwide…