Civic Federation zaps Chicago Park District’s pension hole
In his blog post, Greg Hinz discusses the Civic Federation’s analysis of the Chicago Park District’s FY2012 budget…
In his blog post, Greg Hinz discusses the Civic Federation’s analysis of the Chicago Park District’s FY2012 budget…
In the past two years, nine states have passed laws to reduce automatic annual increases in pension benefits for current retirees. The latest example is Rhode Island…
In this latest entry in a blog post series on local government pension funds, the Civic Federation analyzes the Metropolitan Water Reclamation District of Greater Chicago’s pension fund. The MWRD is the only sanitary district in Illinois…
This Tribune Watchdog report examines the Illinois pension crisis. The unfunded liabilities of the State’s pension plans have steadily increased for decades and currently total over $85 million. The Civic Federation comments on the…
This WGN special report highlights several examples of pension abuse in Illinois. Civic Federation President Laurence Msall is interviewed for the segment, saying the pension system has been manipulated to benefit a few people at the cost…
Last week marked the end of the budget season for the nine local governments monitored by the Civic Federation. These governments include: the City Colleges of Chicago, Chicago Public Schools, DuPage County, City of Chicago, Cook…
This week marks the end of the Civic Federation's fiscal year 2012 local government budget analysis season. The nine local governments monitored by the Civic Federation include: City Colleges of Chicago, Chicago Public Schools, DuPage…
One of the greatest challenges facing the State of Illinois as it struggles to balance its annual operating budget is the continued growth in pension-related costs. As…
Spending Plan Holds the Line on Property Taxes, Begins to Reduce Structural Deficit The Civic Federation supports the proposed FY2012 Chicago Park District budget of $407.5 million because it freezes the property tax levy for the seventh…
The Civic Federation supports the Chicago Park District FY2012 Budget of $407.5 million because it holds the property tax levy flat for the seventh year in a row and emphasizes cost containment and revenue diversification. The Federation…