Pensions

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DuPage County Budget Cuts Spending, Freezes Property Tax

Civic Federation Encourages County to Fully Implement Planning Policies (CHICAGO) The Civic Federation supports the proposed $434.7 million DuPage County budget for FY2012 because it cuts spending for the third year in a row while holding…

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DuPage County Proposed FY2012 Budget: Analysis and Recommendations

The Civic Federation supports the DuPage County Proposed FY2012 Financial Plan of $434.7 million. The County is reducing expenditures for the third year in a row while pledging to maintain the existing level of service and keep the…

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States Consider Shift from Traditional Pension Plans

Faced with mounting pension costs, the State of Illinois and a number of other states are considering moving away from traditional pension plans.…

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City of Chicago Pension Health Continues to Decline

The pension crisis at the City of Chicago is severe. As described here, the City faces two distinct pension crises: two of its four…

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State of Illinois Enacted Budget FY2012: A Review of the Operating and Capital Budgets Enacted for the Current Fiscal Year

This report examines the State of Illinois’ operating and capital budgets as enacted for Fiscal Year 2012, which began on July 1, 2011 and ends on June 30, 2012. Despite a major income tax increase implemented in January 2011, the total…

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Total Illinois Budget Deficit Set to Grow in FY2012

Major Tax Increase, Cuts to Appropriations Did Not Fix State’s Finances (CHICAGO) The Institute for Illinois’ Fiscal Sustainability at the Civic Federation released its analysis of the enacted FY2012 State budget today. The report found…

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Laurence Msall Joins Roe and Roeper

Civic Federation President Laurence Msall discussed public pensions in Chicago on the "Roe and Roeper" talk show.

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Lawmakers move to close pension loophole

Civic Federation President Laurence Msall was interviewed for this news segment that discusses possible changes to a State law that allows some union leaders to base their public pensions on their union salaries.

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Union bosses pull big city pensions

In this front page story about union leaders who earn City of Chicago pensions based on their union salaries, the Civic Federation is quoted saying that taxpayers should not be called upon to fund pensions that are not based upon work done…

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Union leader draws lucrative pension perk based on false information

In this news segment about pension fund benefits received by a Chicago Federation of Labor leader and loopholes in the systems allowing employees to receive multiple pension benefits, Civic Federation President Laurence Msall says that…