The Civic Federation supports the Chicago Park District’s proposed FY2017 operating budget of $449.4 million because it continues to reduce the District’s reliance on fund balance to close its budget deficits and keeps the property tax…
This article discusses the City of Chicago’s decision to extend its property tax rebate application deadline after only a small percentage of eligible City homeowners applied. Laurence Msall, President of the Civic Federation, remarks that…
(CHICAGO) In an analysis released today, the Civic Federation announced its support for the Metropolitan Water Reclamation District’s FY2017 Tentative budget of $1.13 billion because the District continues to demonstrate a sensible…
The Civic Federation supports the Metropolitan Water Reclamation District’s FY2017 Tentative budget of $1.13 billion because the District continues to demonstrate a sensible and proactive approach to meeting its financial challenges. As…
This article discusses a proposal to change the City of Chicago’s aldermanic pension plan in order to help save the City’s Municipal Employees Pension Fund. Laurence Msall, President of the Civic Federation, applauds the City’s proposal…
This article discusses the State of Illinois’ worsening pension problems and cites a recent Civic Federation…
Following Mayor Rahm Emanuel’s FY2017 budget address, Civic Federation President Laurence Msall spoke with a pool of reporters about the finances of both the City of Chicago and Chicago Public Schools. He called the Mayor’s proposed budget…
This segment examines how the State of Illinois has become well-known for its mishandling of public employee pensions. Laurence Msall, President of the Civic Federation, remarks that Illinois has had plenty of chances to fix its…
This article discusses how recent changes to expected rates of return and other factors for several of the State of Illinois’ pension funds are increasing pressure on the State to address reforms. Civic Federation President Laurence Msall…
This article analyzes the connection between pension debt and major tax increases among selected U.S. states and municipalities. Civic Federation President Laurence Msall notes that the percentage of state source revenue going to Illinois…
