The Civic Federation supports the Chicago Transit Authority’s (CTA) proposed FY2015 budget of nearly $1.4 billion. The budget represents an improved level of fiscal stability made possible by the CTA’s efforts in past years to secure its…
Full Report Discusses Recent Progress, Fiscal Uncertainty Ahead In a report released today, the Civic Federation supports Cook County’s proposed FY2015 operating budget of $3.7 billion and praises the work of Board President Preckwinkle…
The Civic Federation supports Cook County’s proposed FY2015 operating budget of $3.7 billion for holding the property tax levy relatively flat and not including any new fines or fees. Instead, a $168.9 million shortfall is closed…
The provisions of Public Act 98-0622 will not go into effect until January 1, 2015, but the changes to Chicago Park District employee and retiree pension benefit levels contained in the legislation have already reduced the fund’s unfunded…
The State of Illinois will need to increase contributions to its pension funds by $682.0 million in the next budget year, according to preliminary amounts released by the State’s five retirement systems. Total pension contributions…
This article discusses the Civic Federation’s analysis of the FY2015 City of Chicago budget. The Civic Federation supports the budget for its structural…
The total unfunded liabilities for the State and local public employee pensions that Chicago residents fund reached $19,579 per capita for fiscal year 2012. That is up from $6,175 per capita in FY2003. Like comparing…
This article reviews the FY2015 Budget Announcement from Chicago Mayor Rahm Emanuel.…
This article discusses Mayor Rahm Emanuel’s FY2015 Budget announcement for the…
This article covers the Civic Federation’s annual Status of Local Pensions report that looks at the funding levels of ten Chicago-area public…
