This report uses nine indicators of financial condition to measure the relative financial performance of Chicago and 12 other major U.S. cities from FY2007 to FY2011. In addition to Chicago, the other cities analyzed were Baltimore, Boston…
In a report released today, the Civic Federation supports the $178.8 million FY2014 budget proposed by the Forest Preserve District of Cook County. The budget holds the property tax levy flat and maintains substantial reserve funds.…
The Civic Federation supports the Forest Preserve District of Cook County’s FY2014 proposed $178.8 million budget that holds the property tax levy flat and maintains substantial reserve funds. However, the Federation warns that these…
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…
