Pensions

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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,…

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Forest Preserve District of Cook County FY2009 Proposed Budget: Analysis and Recommendations

The Civic Federation supports the Forest Preserve District's proposed $193.6 million budget because the District will freeze its property tax levy this year and maintains a prudent fund balance. However, the Federation warns that the…

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DuPage County FY2009 Proposed Budget: Analysis and Recommendations

The Civic Federation offers qualified support for the DuPage County $505 million FY2009 budget proposal. Although DuPage County has proposed a reasonable spending plan that freezes property tax, our support is qualified because the budget…

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State of Illinois Retirement Systems: Funding History and Reform Proposals -- A Civic Federation Issue Brief

This issue brief reviews the status of the five pension funds of the State of Illinois. It discusses the State's historic underfunding of its pension funds, efforts to improve the funding situation (including pension obligation bonds),…

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Chicago Public Schools FY2009 Recommended Budget: Analysis and Recommendations

The Civic Federation supports the the Chicago Public Schools recommended 6.2 billion dollar FY2009 budget because it shows restraint by freezing property tax rather than reflexively raising them to the maximum amount allowed under the…

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City Colleges of Chicago FY2009 Tentative Budget: Analysis and Recommendations

The Civic Federation does not support the City Colleges' proposed FY2009 budget because it is unsustainable and relies almost exclusively on revenue enhancements, such as a maximum property tax increase, rather than focusing on ways to…

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State of Illinois FY2009 Recommended Operating Budget: Analysis and Recommendations

The Civic Federation opposes the unaffordable program expansions and long-term borrowing proposed in the FY2009 State budget recommendation, but supports the proposed 3% cut from non-priority agencies and other efforts to streamline and…

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State of Illinois Constitutional Convention Fiscal Issues

This issue brief provides an overview of some state and local fiscal issues that could be considered at a new Illinois Constitutional Convention. The proposals described do not necessarily reflect positions of the Civic Federation, but are…

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Civic Federation 2008 Legislative Priorities

The Civic Federation's legislative priorities for 2008 include public pension reform, tax increment financing disclosure, creation of a separate board of commissioners for the Cook County Forest Preserve District, school financial…