Pensions

.

State of Illinois FY2012 Recommended Operating and Capital Budgets: Analysis and Recommendations

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…

.

Governor’s Budget Proposes Increased Spending, Artificially Inflated Revenues, Expensive Borrowing; Civic Federation Opposes Unbalanced Budget and Urges Spending Restraint

(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…

.

Illinois ranks dead last in funding worker pensions Crain's Chicago Business

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…

.

Illinois’ State Pensions Still Worst Funded

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…

.

New Chicago Mayor and City Council Face Two Distinct Pension Crises

Mayor-Elect Rahm Emanuel and the newly elected Chicago City Council face a host of major financial challenges. One of the…

.

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…

.

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…

.

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…

.

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…

.

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…