Recent trend analysis performed by the Civic Federation shows that the funded status of the Cook County Pension Fund declined again in fiscal year 2012, the most recent year for which data are available. The market value funded ratio…
The State of Illinois will need to contribute somewhat more to its five retirement systems in FY2015, but the growth will be less than previously projected due mainly to strong investment returns. Pension contributions required by State…
In a report released today, the Civic Federation supports Cook County’s proposed FY2014 operating budget of $3.2 billion, which holds the property tax levy relatively flat by reducing expenditures and aggressively pursuing new revenue for…
The Civic Federation supports Cook County’s proposed FY2014 operating budget of $3.2 billion for holding the property tax levy relatively flat, reducing expenditures and aggressively pursuing new revenue for the Cook County Health and…
(The full content of this article is only available to the publication’s subscribers.) This article covers the release of the Civic Federation’s FY2014 State of Illinois Enacted Budget Analysis on October 2. The report found the State made…
This editorial discusses the Civic Federation’s FY2014 State of Illinois Enacted Budget Analysis and the State’s lack of progress on passing pension reforms. The analysis says this year’s…
This article discusses recent developments from the seven-member legislative conference committee appointed by Governor Quinn to find a solution to the State’s…
Four large local government pension funds in the Chicago area reduced their expected investment rates of return for fiscal year 2012. While intended to make the funds’ actuarial assumptions more realistic, these decisions will also have…
This segment covers the release of the FY2014 Enacted Budget Analysis by the Civic Federation’s Institute for Illinois’ Fiscal Sustainability on October 2. The report warns this year’s…
This article discusses legislation backed by Mayor Emanuel that would delay funding reforms for the City’s severely underfunded police and fire funds. For…
