Pensions

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Chicago Park District FY2002 Proposed Budget: Analysis and Recommendations

The Civic Federation opposed the $7 million property tax increase proposed in the FY2002 Chicago Park District’s $334 million budget. However, we strongly supported the innovative directions the District has taken this year and previous…

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Cook County FY2002 Proposed Budget: Analysis and Recommendations

The Civic Federation commended Cook County for proposing a FY2002 budget of $2.7 billion that held the line on spending and avoided tax or fee increases. However, we were disappointed that the County once again failed to improve its…

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City of Chicago FY2002 Proposed Budget: Analysis and Recommendations

The Civic Federation supported the proposed FY2002 City of Chicago budget of $4.6 billion because: the budget did not include any broad-based tax increases; it eliminated 538 vacant positions for a net savings of $22 million; it cut 5%…

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Status of Local Pension Funding 2000: An Evaluation of Nine Local Pension Funds within Cook County & the Five Collar County Funds in the Illinois Municipal Retirement Fund

A 6-year trend analysis of indicators that measure the financial health and performance of 9 major local government pension funds from 1995 to 2000.

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Chicago Park District FY2001 Proposed Budget: Analysis and Recommendations

The Civic Federation supported the Chicago Park District’s FY2001 budget despite a $3.6 million increase in the property tax levy because the District demonstrated a commitment to improving services and putting its financial house in order.

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Forest Preserve District of Cook County FY2002 Proposed Budget: Analysis and Recommendations

In its analysis of the Forest Preserve District's $148 million FY2002 budget, the Civic Federation pointed out that expenditures continued to exceed revenues, leading to a long-term trend of Corporate Fund deficits.

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City of Chicago FY2001 Proposed Budget: Analysis and Recommendations

The Civic Federation did not oppose the City of Chicago's FY2001 because the City used conservative revenue projections and limited reductions in personnel. The statement also out-lined the Federation's concern with the City's future…

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City Colleges of Chicago FY2001 Proposed Budget: Analysis and Recommendations

The Civic Federation gave conditional support to the City Colleges of Chicago's FY2001 budget based primarily upon a concern that the balanced budget was predicated upon overly optimistic revenue projections.

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Status of Local Pension Funding 1998: An Evaluation of Nine Local Pension Funds within Cook County & the Five Collar County Funds in the Illinois Municipal Retirement Fund

A 6-year trend analysis of indicators that measure the financial health and performance of 9 major local government pension funds from 1993 to 1998.

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Chicago Park District FY2000 Proposed Budget: Analysis and Recommendations

The Civic Federation supported the Chicago Park District's FY2000 Budget because it continued the District's trend toward privatization and increased management efficiencies. The District did not increase the property tax levy and…