Pensions

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Watchdog group praises Preckwinkle, but dings her, too

In this blog post, Greg Hinz discusses the conclusions of the Civic Federation's "Cook County Modernization 100-Day Accountability Report." The Federation found…

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Civic Federation Finds Considerable Progress Toward Cook County Modernization

Concerns Remain about Independence of the Health System, Future Budgets (CHICAGO) A new Civic Federation report released today finds that Cook County has made considerable progress toward modernizing its operations, but still faces…

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Cook County Modernization 100-Day Accountability Report

The Civic Federation’s Cook County Modernization 100-Day Accountability Report continues the work of our Cook County Modernization Project. This report includes detailed information on the status of all 36 recommendations from the Civic…

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State Deficit Expected to Decline in FY2011 Due to Tax Increases and Borrowing

After three years of increasing budget deficits, the State of Illinois is expected to see a smaller budget gap at the end of FY2011 because of tax increases and expanded borrowing for operations. The FY2011 year-end deficit is currently…

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What Would it Mean to Shift More Illinois Teacher Pension Costs to School Districts?

Illinois Senate President John Cullerton has recently suggested that school districts should begin…

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Wisconsin pension plan among most secure

This article discusses public pension issues in the State of Wisconsin. It cites the Civic Federation's estimate of the per capita unfunded liabilities of certain public pension funds in Illinois.

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Public Employee Benefits Debate

In a roundtable discussion, Civic Federation President Laurence Msall discusses government employee pension reform.

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State Completes Pension Bonds Sale

For the second year in a row, the State of Illinois raised funds in the municipal bond market to make its annual pension contributions. On February 23, 2011, the State finalized the sale of $3.7 billion worth of Pension Obligation Bonds (…

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Chicago mayor race: Softer Rahm Emanuel bids for hard task

This segment discusses Rahm Emanuel’s mayoral campaign. It cites the warning in the Civic Federation’s “

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Biz agencies applaud Cook Budget

This article discusses the Civic Federation's support for Cook County President Toni Preckwinkle's FY2011 proposed budget, based in part on its moves to reduce the size of its operations. It mentions that the Federation has concerns about…