Pensions

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Rahm likely will have to rescue CPS, no matter how judge rules

This article discusses what options the City of Chicago might have to aid the Chicago Public Schools and prevent the District from ending the school year early due to serious financial issues. Civic Federation President Laurence Msall…

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Governor Rauner Vetoes Chicago Municipal and Laborers’ Pension Reforms

On Friday March 24, 2017 Illinois Governor Bruce Rauner vetoed Senate Bill 2437,…

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Illinois Issues: The Great Pension Chasm

This article examines the causes and effects of Illinois’ ongoing pension crisis and the Illinois Senate’s proposed solution. Civic Federation President Laurence Msall notes the intent of Illinois’ pension protection clause was probably…

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Coverage of FY2018 State of Illinois Budget Roadmap

The following news items cover the release of the Institute for Illinois’ Fiscal Sustainability at the Civic Federation's State of Illinois FY2018…

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Civic Federation Proposes Comprehensive Multi-Year Plan To Stabilize Illinois Finances

(CHICAGO) – In a report released today, the Civic Federation’s Institute for Illinois’ Fiscal Sustainability proposes a comprehensive five-year plan that addresses the State’s ongoing financial crisis and budget impasse with painful but…

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State of Illinois FY2018 Budget Roadmap

Click here to read the full report.Prior to the release of the Governor’s annual budget recommendation, the Institute for Illinois’ Fiscal Sustainability at the Civic…

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Reaction to Rauner’s State of the State Address, Illinois’ Fiscal Woes

In this segment, Civic Federation President Laurence Msall joined a Chicago Tonight panel to discuss Governor Rauner’s recent State of the State address and Illinois’ continued fiscal issues.

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Illinois Senate sends Chicago pension reform bill to governor

This article discusses a pension reform bill recently passed by the Illinois General Assembly aimed at shoring up Chicago’s municipal and laborer pension funds. Laurence Msall, President of the Civic Federation, remarks that the pension…

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2016 Year in Review on the Civic Federation Blog

The following are the five most read posts presented by the Civic Federation blog in 2016. These posts examine issues ranging from local government consolidation to pension funding reform.  …

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Civic Federation Supports Chicago Park District's FY2017 Budget

(CHICAGO) In an analysis released today, the Civic Federation announced its support for the Chicago Park District’s proposed FY2017 operating budget of $449.4 million. The budget continues to reduce the District’s reliance on fund balance…