Pensions

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Nonprofits Urge State Lawmakers to Pass Crucial Pension Reform

Civic Federation, Metropolitan Planning Council, Better Government Assn., Chicago Urban League Seek Immediate Action CHICAGO—A group of civic organizations dedicated to improving government and making it more responsive to the public is…

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Joint Statement from Chicago Civic Groups Urging Pension Reform

At a press conference on January 3, the Civic Federation joined with a group of other civic organizations including the Better Government Association, the Metropolitan Planning Council and the Chicago Urban League to urge the Illinois…

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IIFS Blog Continues to be at Forefront of Illinois Fiscal Developments

Throughout this year’s Illinois budget negotiations, the IIFS blog was a valuable source of information and focus in the State’s murky and complex budget process. This year’s negotiations included a groundbreaking effort to address the…

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What’s Next for Local Governments in 2013?

A look back at the Civic Federation’s blog this year provides a preview of upcoming fiscal challenges for local governments in 2013. Pension Funding The most urgent fiscal challenge for Illinois governments continues to be the pension…

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Unions Propose Plan to Fix Pension Crisis

This segment covers a proposal released by a coalition of public employee unions in response to the State’s pension funding crisis. The Civic Federation said the proposal could represent part of the necessary reforms, but much more is…

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Civic Federation Recommendations for the Chicago-area Local Governments

Last week the Civic Federation marked the end of the FY2013 budget season with a blog that summarized the proposed budgets for the nine local governments the Federation…

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Moody’s lowers Illinois’ credit outlook to ‘negative’

On December 13 Moody’s Investors Service downgraded the outlook for the State of Illinois’s credit rating to negative from stable, citing pension funding pressures that are likely to persist or worsen in the near term. The Civic Federation…

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Illinois really big fiscal crisis: infrastructure expenses

This article discusses the Civic Federation’s State of Illinois Infrastructure report, which found that State and local governments could need to invest more than $300 billion…

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MWRD FY2013 Budget Continues Comprehensive Effort to Control Personnel Costs

District’s initiative in developing and promoting a framework for pension reform is a model for local governments In an analysis released today, the Civic Federation supports the Metropolitan Water Reclamation District’s (MWRD) FY2013…

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Pension experts divided over Nekritz-Biss plan

This article discusses a new pension reform proposal introduced by Representative Elaine Nekritz and a bipartisan group of 23 co-sponsors on the final day of the Illinois General Assembly’s fall veto session. The Civic Federation said the…