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...
Library
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...
09.19.13
The long-term lease of assets by the City of Chicago is one of the most significant financial undertakings by the City in recent years. These groundbreaking transactions have received national attention and been examined by other governments interested in new models of public-private...
09.11.13
Managed competition is a form of alternative service delivery that requires in-house service units of a government to compete with external providers under a controlled or managed process....
09.11.13
Managed competition is a form of alternative service delivery or public-private partnership (P3) that requires in-house service units of a government to compete with external providers under a controlled or managed process. It involves comparing the costs and benefits of contracting out public...
07.11.13
On March 8, 2013, Governor Quinn signed HB5547 , which gave home-rule municipalities and counties with populations over 2,000,000 (essentially Chicago and Cook County) the ability to tax parking garages by...
05.02.13
On Monday April 29th, Mayor Rahm Emanuel announced that an agreement had been reached in the disputes between the City of Chicago and Chicago Parking Meters LLC (CPM),...
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...
12.26.12
A look back at the Civic Federation’s blog this year provides a preview of upcoming fiscal challenges for local governments in 2013.
Pension Funding The most urgent fiscal challenge for Illinois governments continues to be the pension funding crisis. The combined funded ratio for...