Pensions

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City of Chicago FY2004 Proposed Budget: Analysis and Recommendations

The Civic Federation supported Chicago’s FY2004 budget of $4.8 billion because: 1) the City has made continued efforts to control personal services costs by reducing personnel over time; 2) The City’s net appropriation has increased an…

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Chicago Transit Authority FY2004 Proposed Budget: Analysis and Recommendations

The Civic Federation supported the CTA’s FY2004 operating budget of $936 million. The fare increase in this budget was justified because: the CTA has made some significant efforts over the past five years to control costs; the budget does…

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City Colleges of Chicago FY2004 Proposed Budget: Analysis and Recommendations

The Civic Federation supported the City Colleges' FY2004 budget of $295 million because growth in appropriations was contained through personnel reductions and management efficiencies. However, The Civic Federation remains concerned about…

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Chicago Public Schools FY2004 Proposed Budget: Analysis and Recommendations

The Civic Federation was disappointed that, rather than cut non-essential or redundant programs, the Chicago Public Schools FY2004 budget of $4.8 billion included a $36 million property tax increase and made only a minimal 30-position…

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State of Illinois FY2004 Proposed Budget: Analysis and Recommendations

The Civic Federation supported the FY2004 $52.4 billion State budget because it successfully eliminated a $5.4 billion deficit without any broad based tax increases. The Federation reiterated its support for the pension obligation bond…

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State of Illinois Pension Bonds

The Civic Federation supported the Governor's proposal to issue long-term debt to meet the State's past pension obligations because of the dire budget condition of the State, past funding inadequacies, nad the currently historically low…

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Status of Local Pension Funding 2001: An Evaluation of Nine Local Pension Funds within Cook County & the Five Collar County Funds in the Illinois Municipal Retirement Fund

This report provides a 6-year trend analysis of indicators that measure the financial health and performance of 9 major local government pension funds from 1996 to 2001.

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Civic Federation 2003 Legislative Priorities

The Civic Federation's legislative priorities for the 93rd General Assembly include property tax assessment appeals, public employee pensions, Illinois Toll Highway Authority, Cook County Forest Preserve District, State sales and income…

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Chicago Park District FY2003 Proposed Budget: Analysis and Recommendations

The Civic Federation supported the Chicago Park District’s $338 million FY2003 budget because the budget was balanced by eliminating over 180 positions and reducing contractual service expenses rather than resorting to broad based tax…

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Metropolitan Water Reclamation District FY2003 Budget: Analysis and Recommendations

The Civic Federation opposed the $7.3 million property tax hike proposed by the Metropolitan Water Reclamation District in its FY2003 $758 million budget.