02.27.19
The following is an infographic-style primer intended to concisely and accessibly present the most important information and data on the Illinois pension crisis. The series explores the history...
Library
11.08.18
2019 Civic Federation Legislative Priorities The Civic Federation's...
09.01.17
After several iterations and much disagreement, the State of Illinois now has a new statewide school funding formula. The Illinois General Assembly approved the new formula as Senate Bill 1947, House Floor Amendment 5 on August 29, with the Illinois House passing the bill Monday, August 28 and...
03.30.17
On Friday March 24, 2017 Illinois Governor Bruce Rauner vetoed Senate Bill 2437, legislation that was intended to increase city funding to help...
02.11.16
Prior to the release of the Governor’s annual budget recommendation, the Institute for Illinois’ Fiscal Sustainability at the Civic Federation releases an analysis of the State of...
06.09.14
The following opinion piece by Civic Federation President Laurence Msall was published by the Chicago Tribune on June 5, 2014.
State...
06.05.14
State statute governs all benefits and funding of public pensions for the City of Chicago. The City cannot contribute more to its pensions than the multiple of employee contributions allowed under state statute . There has unfortunately been some confusion in the media on this point ahead of a...
11.08.12
The financial condition of the State of Illinois’ five retirement systems worsened in FY2012, with the systems’ total unfunded liability growing to $96.8 billion as of June 30, 2012 and the combined funded ratio declining to 39.0%.
The FY2012 numbers compare with a total...
12.29.11
In 2011 the IIFS blog provided weekly context, information and perspective on key fiscal issues in the State of Illinois. Posts in 2011 focused on analysis of FY2012 Illinois budget negotiations, analysis of the ongoing Illinois pension crisis and timely research on other fiscal issues impacting...
11.11.11
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...