The Civic Federation opposes the State of Illinois Recommended FY2007 operating budget because it takes a partial pension holiday of $1.1 billion at the same time as it increases spending for recurring programs by $1 billion.
The Civic Federation opposes the State of Illinois Recommended FY2007 operating budget because it takes a partial pension holiday of $1.1 billion at the same time as it increases spending for recurring programs by $1 billion.
This issue brief provides a "plain English" description of how GASB 43 and 45 will require government financial reporting on non-pension post-employment benefits (OPEB). It is illustrated with preliminary estimates of unfunded OPEB…
The Civic Federation's legislative priorities for 2006 include public pension reform, elimination of the Suburban Cook County Tuberculosis Sanitarium District, property tax exemptions and assessment reform, revision of the Regional…
The Illinois General Assembly approved a final State budget of $43.57 billion, 0.03% more than proposed by the Governor. The Governor and legislative leaders approved a 2-year pension funding “holiday” of $2.3 billion to help balance this…
The Civic Federation supports HB 1663 as an important first step toward resolving the CTA's financial crisis, but continues to call for a CTA fare increase and supplemental state funding to bridge the agency's immediate deficit and avert…
The Civic Federation strongly supported the Governor's proposed pension reforms and urged the General Assembly to adopt the pension reforms as well as a moratorium on further benefit enhancements.
The Civic Federation strongly supported the Governor's proposed pension reforms and the Pay as You Go funding proposal . It urged the General Assembly to adopt the pension reforms as well as a moratorium on further benefit enhancements.
Civic Federation President Laurence Msall is a member of the Governor's Pension Commission and supported this report. The Report recommends changes to pension plan provisions and pension funding practices to address the underfunding of…
The Civic Federation's legislative priorities for 2005 include the Suburban Cook County Tuberculosis Sanitarium District, property tax exemptions and assessment reform, public employee pensions, the Regional Transportation Authority Act,…
