Pensions

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State of Illinois FY2005 Recommended Operating Budget: Position

The Civic Federation supported the Governor's rejection of any broad-based tax increases but opposed the proposal to reduce pension funding by $527 million to balance the budget. It urged the General Assembly to hold public hearings to…

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State of Illinois FY2005 Recommended Operating Budget: Analysis and Recommendations

The Civic Federation supported the Governor's rejection of any broad-based tax increases but opposed the proposal to reduce pension funding by $527 million to balance the budget. It urged the General Assembly to hold public hearings to…

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Civic Federation 2004 Legislative Priorities

The Civic Federation's legislative priorities for 2004 include the Suburban Cook County Tuberculosis Sanitarium District, property tax assessment appeals, Neighborhood Preservation Homeowners' Exemption, public employee pensions, and…

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Status of Local Pension Funding 2002: An Evaluation of Nine Local Pension Funds within Cook County

This report provides a 6-year trend analysis of indicators that measure the financial health and performance of 9 major local government pension funds from 1997 to 2002.

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Metropolitan Water Reclamation District FY2004 Budget: Analysis and Recommendations

The Civic Federation commended the MWRD for its FY2004 budget of $848.3 million because the District reduced its property tax levy by $2.7 million from the tentative FY2004 budget proposal, it drew down its Corporate Fund balance from a…

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Cook County FY2004 Proposed Budget: Analysis and Recommendations

The Civic Federation opposed the County’s $2.99 billion FY2004 budget because it does not reduce operational expenditures or implement increased efficiencies and It is balanced by means of two new and unnecessary revenue enhancements: an…

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Forest Preserve District of Cook County FY2004 Proposed Budget: Analysis and Recommendations

The Civic Federation was disappointed in the Forest Preserve District’s FY2004 operating budget of $140.8 million for several reasons. There was insufficient time--only 4 working days--permitted this year for public review of the budget…

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Chicago Park District FY2004 Proposed Budget: Analysis and Recommendations

The Civic Federation supported the Chicago Park District's $351 million FY2004 budget because of the District's history of implementing management efficiencies and cost cutting measures and the progress it has made in shifting revenues…

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City of Chicago FY2004 Proposed Budget: Analysis and Recommendations

The Civic Federation supported Chicago’s FY2004 budget of $4.8 billion because: 1) the City has made continued efforts to control personal services costs by reducing personnel over time; 2) The City’s net appropriation has increased an…

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Chicago Transit Authority FY2004 Proposed Budget: Analysis and Recommendations

The Civic Federation supported the CTA’s FY2004 operating budget of $936 million. The fare increase in this budget was justified because: the CTA has made some significant efforts over the past five years to control costs; the budget does…