The Civic Federation released today a comprehensive set of forty recommendations to improve the City of Chicago’s long-term fiscal condition. The new Federation report includes reforms that can be implemented now and over the next few…
The purpose of this report is to provide the City of Chicago’s Mayor and City Council with detailed recommendations on ways to address the City’s serious financial challenges and create a government that is more efficient, less costly and…
This article discusses some of the actions made by the State of Illinois General Assembly during the spring legislative session. The article cites Civic Federation data that showed debt dedicated to the State's pension system has exceeded…
An actuarial projection of the future solvency of the Chicago Park District’s pension fund has estimated that the fund will exhaust its assets in the year 2025.…
Civic Federation President Laurence Msall discusses Governor Quinn’s FY2012 budget and pension reform in this roundtable discussion.
The Civic Federation opposes Governor Pat Quinn’s $52.7 billion FY2012 recommended operating budget for the State of Illinois because it is unbalanced by approximately $2.4 billion and is based on the premise that long-term borrowing is…
(CHICAGO) A new report by the Institute for Illinois’ Fiscal Sustainability at the Civic Federation has found that Governor Quinn’s proposed budget is unbalanced by a total of $2.4 billion when artificially inflated revenues of $970.9…
In this blog post, Greg Hinz discusses a Pew Center on the States report that found Illinois is the worst in the nation at funding its pension systems. The Civic Federation says that the news may serve as a signal to lawmakers that they…
The Pew Center on the States recently released its report card on the health of state pension systems. Just as they were last year, the…
Mayor-Elect Rahm Emanuel and the newly elected Chicago City Council face a host of major financial challenges. One of the…
