Pols press Chicago, suburbs on fire, police pensions
This article explores the effect a bill that reforms police and fire pension benefits and funding will have on the City of Chicago. The Civic Federation says that the City’s pensions need reform.
This article explores the effect a bill that reforms police and fire pension benefits and funding will have on the City of Chicago. The Civic Federation says that the City’s pensions need reform.
In this article about the Chicago City Council’s approval of Mayor Daley’s FY2011 City of Chicago budget of $6.15 billion, the Civic Federation warns that the next mayor will need to make major cuts to cope with the City’s pension…
UPDATE: The Civic Federation commends Governor Pat Quinn for signing Senate Bill 3538, a bill…
The Civic Federation supports the Chicago Park District’s FY2011 proposed operating budget of $397.6 million. The District is proposing to hold the property tax levy flat and maintain expenditures at close to FY2010 levels by using…
The Chicago Park District is to be commended for holding its property tax levy flat for the sixth straight year, says a Civic Federation report released today. The District will rely on non-tax revenues and a slight cut in staffing levels…
The Civic Federation released today its analysis of the Chicago Park District’s proposed FY2011…
The City of Chicago contributed $423.9 million to its Municipal, Laborers, Police, and Fire pension funds in fiscal year 2009, an amount equivalent to 13.4% of payroll. If it were following a fiscally reasonable pension funding policy it…
A new report by the Civic Federation’s Institute for Illinois’ Fiscal Sustainability (IIFS)…
(CHICAGO) The Civic Federation’s Institute for Illinois’ Fiscal Sustainability released a plain-English summary of the State of Illinois’ FY2011 enacted budget today. The 26-page report is available on our website,…
This report examines the State of Illinois’ $53.5 billion operating budget for Fiscal Year 2011, which began on July 1, 2010 and ends on June 30, 2011. The report focuses on the $25.8 billion General Funds budget, the largest component of…