This article covers the tough financial choices Chicago Public Schools is facing coming into the fall 2015 school year, including a $634 million pension payment. The Civic Federation discussed the District’s difficult options: severe…
This article discusses Mayor Emanuel’s plan to tackle a sharp increase in required payments to the City’s pension funds next year, based on a 2010 law aimed at bringing the City’s Police and Fire pension funds back to 90 percent funded by…
This article discusses the FY2016 Recommended Budget Analysis released by the Institute for Illinois’ Fiscal Sustainability at the Civic Federation. The Civic…
This article covers an analysis released on the Governor’s FY2016 Recommended Budget by the Civic Federation’s Institute for Illinois’ Fiscal Sustainability. The…
This article covers the FY2016 Recommended Budget Analysis released by the Civic Federation’s Institute for Illinois’ Fiscal Sustainability on May 7. The analysis…
This segment reports on recent proposals for a casino in the City of Chicago intended to generate revenue for the City, primarily to pay down unfunded pension liabilities. The Civic Federation said it is unclear how much revenue a new…
This article looks at the growth of CountyCare, Cook County’s initiative to provide Medicaid coverage for low-income adult patients who are currently uninsured. The Civic Federation said the expansion of CountyCare and the resulting…
An Illinois Supreme Court decision overturning legislation to reduce the State’s massive pension costs will add to the difficulty of creating a balanced operating budget for the year that begins on July 1, 2015. The high court…
Urges General Assembly to Identify Alternate Plan for Closing $6.2 Billion Budget Gap In a new report released today, the Civic Federation’s Institute for Illinois’ Fiscal Sustainability opposes Governor Rauner’s recommended budget for…
The Civic Federation opposes Governor Bruce Rauner’s recommended budget for FY2016 because it relies heavily on projected savings that do not appear to be achievable or prudent in light of the State of Illinois’ obligations and long-term…
