The Civic Federation's legislative priorities for 2012 include public pension reform, requiring the State of Illinois to develop and implement a capital improvement plan, dissolving the Illinois...
After experiencing several years of poor market conditions, three of the five Illinois State employee retirement funds have reduced their expected rate of return on investments. This rate, also known as the discount rate, is used to calculate the present value of the future obligations...
Taxpayers should get what they pay for, and pay for what they get—that is the core notion behind intergenerational equity in government. When governments live within their means, balancing revenues and expenditures without hoarding excess cash or borrowing from the future, they achieve...
