10.07.15
Over the past few years, the Civic Federation has blogged about financial indicators that can be used to measure the fiscal condition of local governments. The blogs were part of a larger ongoing project to assess the City of...
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11.08.13
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...
07.23.13
The following opinion piece by Civic Federation President Laurence Msall was published by Crain's Chicago Business on July 23, 2013...
03.28.13
This blog continues the Civic Federation’s examination of indicators that can be used to measure the financial health of local governments. In order to measure financial condition, it is important to assess the...
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...
05.30.12
This blog continues the Civic Federation’s examination of indicators that can be used to assess the financial health of local governments. The Federation is working on a project comparing the City of Chicago with a group of thirteen large U.S. cities that have also been the subject of...
03.28.12
This blog continues the Civic Federation’s examination of indicators that can be used to assess the financial health of local governments. The Federation is working on a project that compares the City of Chicago with a group of thirteen large U.S. cities that have also been the subject of...
02.29.12
This blog continues the Civic Federation’s examination of indicators that can be used to assess the financial health of local governments. The Federation is working on a project that compares the City of Chicago with a group of thirteen large U.S. cities that have also been the subject of...
01.26.12
In order to address sometimes inconsistent application of reporting standards for fund balance by governments, the Governmental Accounting Standards Board (GASB) issued GASB Statement No. 54: Fund Balance Reporting and Governmental Fund Type...