Pensions

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A Fiscal Roadmap for Creating a Sustainable State Budget: Actionable Recommendations for Governor Pat Quinn and the Illinois General Assembly

The Civic Federation's Institute for Illinois' Fiscal Sustainability produced this guide for addressing the state's FY2010 budget. The roadmap provides an in-depth outline of best practices for a budget that would confront the state's…

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Recommendations to Reform Public Pension Boards of Trustees in Illinois

This report reviews best practices in the composition of public pension boards of trustees nationwide, and makes recommendations on improvements to pension boards in Illinois.

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Civic Federation 2009 Legislative Priorities

The Civic Federation's legislative priorities for 2009 include public pension reform, the dissolving of the Illinois International Port District, creating a new governing board for the Cook County Forest Preserve District, requiring all…

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Civic Federation Urges Cook County Commissioners to Reject Borrowing That May Cost Taxpayers an Additional $214 Million

The Civic Federation urges Cook County Commissioners to reject the proposed $2.9 billion FY2009 County operating budget, which is based on $364.0 million in ill-considered borrowing for operational expenses.

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Cook County FY2009 Proposed Budget: Analysis and Recommendations

The Civic Federation opposes the Cook County FY2009 proposed budget because it is built on an unstable foundation of $364.0 million in borrowed funds to pay for operating expenses less than a year after the County raised its sales tax by…

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Metropolitan Water Reclamation District FY2009 Tentative Budget: Analysis and Recommendations

The Civic Federation supports the MWRD's FY2009 Budget because it minimizes the burden on taxpayers and demonstrates reasonable financial planning. The Civic Federation recommends that the District pursue numerous pension reforms in order…

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Civic Federation Supports Treasurer Giannoulias' Proposal to Consolidate the Investment Activities of the Five Illinois Pension Boards

The Civic Federation supports Illinois Treasurer Alexi Giannoulias' proposal to merge the investment functions of all five state-funded pension systems into a single fund managed by a new Illinois Public Employees' Retirement System (…

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City of Chicago FY2009 Proposed Budget: Analysis and Recommendations

The Civic Federation supports the FY2009 City of Chicago budget of $5.97 billion because it does not rely on raising property tax and begins the painful yet necessary step of reducing payroll by 2,618 full-time equivalent positions to…

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Chicago Park District FY2009 Operating Budget Recommendations: Analysis and Recommendations

The Civic Federation supports the Chicago Park District’s FY2009 budget because it is a fiscally responsible plan and demonstrates a commendable emphasis on cost containment and avoids a property tax increase for the fifth consecutive year…

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Chicago Transit Authority FY2009 Proposed Budget: Analysis and Recommendations

The Civic Federation supports the CTA’s FY2009 budget of $1.3 billion as a responsible short-term plan to provide critical mass transit services to the Chicagoland population. The CTA’s proposed fare increases of 25 to 50 cents per ride,…