The Civic Federation supports the Chicago Transit Authority’s (CTA) proposed FY2011 budget of $1.3 billion but has significant concerns for the agency in the longer term. The budget is a 5.2% or $66.7 million increase from the…
To help the public gain a better understanding of its 2011 preliminary budget and funding programs, the Regional Transit Authority is hosting two free “webinars” on September 16 and September 22. The…
Illinois Governor Pat Quinn recently announced his plans for $500 million in mass transit infrastructure improvements across the State. $…
All ten Chicago-area local government pension funds analyzed annually by the Civic Federation had negative investment returns in fiscal year 2008 for a total investment…
The total unfunded liabilities of the ten major Chicago-area public pension funds reached $18.5 billion in fiscal year 2008. That is an increase…
As reported in the Civic Federation’s latest report on ten local government pension funds, the most recent audited financial statements of the…
This report analyzes basic financial data on ten major local government employee pension funds in Cook County. It is intended to provide lawmakers, pension trustees, pension fund members and taxpayers with the information they need to…
One of the Chicago Transit Authority’s ongoing fiscal challenges has been balancing the cost of providing rides on the CTA with the fares the Authority collects from its customers. CTA Board Chairman Terry Peterson announced at the…
On February 7 the Chicago Transit Authority (CTA) will implement layoffs and service reductions intended to reduce its FY2010…
As the Civic Federation composes its forthcoming Status of Local Pensions Report, we have pensions on our minds. Here’s a quick round up of what’s happening with local pension funds in Chicago and across the State of Illinois, including…
