With governments in Illinois facing steep increases in yearly pension contributions, new plans are being floated to borrow billions of dollars to stabilize ailing pension funds and relieve budgetary pressures.
The Civic Federation regularly analyzes and comments on the budgets and audited financial statements of eight major local governments in northeastern Illinois:
The Civic Federation supported the Chicago Park District’s $338 million FY2003 budget because the budget was balanced by eliminating over 180 positions and reducing contractual service expenses...
