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 applauded the Chicago Public Schools for eliminating $28 million in spending, in addition to the $90 million in cuts made in May in order to close a cumulative budget gap of...
