Pensions

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City of Chicago FY2011 Proposed Budget: Analysis and Recommendations

The Civic Federation opposes the proposed FY2011 City of Chicago budget of nearly $6.2 billion because it does not effectively address the structural deficit and relies too heavily on asset lease reserve funds and debt restructuring to…

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Civic Federation: FY2011 Chicago Budget Does Not Address City's Structural Deficit

The Civic Federation announced today that it opposes the $6.2 billion FY2011 City of Chicago budget because it does not do enough to address the City’s structural deficit. Instead it relies upon long-term asset lease funds and other non-…

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Civic Federation says Cook County can cut taxes and balance budget

In this blog post, Greg Hinz examines some of the recommendations in the Civic Federation’s Cook County Modernization Report.

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Chicago Transit Authority FY2011 Budget: Analysis and Recommendations

  The Civic Federation supports the Chicago Transit Authority’s (CTA) proposed FY2011 budget of $1.3 billion but has significant concerns for the agency in the longer term. The budget is a 5.2% or $66.7 million increase from the…

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CTA Budget Maintains Service Levels, Earns Civic Federation Support

Group Retains Concerns about Use of Capital Funds to Balance Budget The Civic Federation announced today that it supports the FY2011 Chicago Transit Authority proposed budget of $1.3 billion because it implements efficiencies and cost-…

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DuPage County Budget Cuts Expenditures, Maintains Services

Civic Federation Supports FY2011 Budget, Urges More Complete Planning Process  Citing DuPage County’s plan to cut expenditures by 3.0% while pledging to maintain core services, the Civic Federation announced today that it supports the…

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DuPage County Proposed FY2011 Budget: Analysis and Recommendations

The Civic Federation supports the DuPage County FY2011 proposed operating budget of $459.4 million. The County is reducing operating expenditures for the second year in a row while pledging to maintain the existing level of service and…

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Cook County Modernization Report

The purpose of the Cook County Modernization Report is to provide leaders of the County with ideas for reshaping and refining County government that will improve service delivery to residents while reducing wasteful spending and decreasing…

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State Budget Gaps: Debt Holes Deepen

This news segment is about how some states are coping with severe budgetary troubles in the current recessed economy. In a discussion of the State of Illinois, Civic Federation President Laurence Msall says Illinois’ fiscal troubles are…

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State must lead way if communities are to regain financial stability

This opinion piece explores the effect that the State of Illinois’ fiscal crisis is having on the community of Oak Park. The Civic Federation says the State’s problems are likely to become worse and that deeper pension program reforms are…