The Civic Federation recently released its analysis of the CTA’s FY2017 Budget. The Civic Federation supports the Chicago Transit Authority’s FY2017 operating budget of $1.52 billion because it holds base...
The Civic Federation and IIFS blogs have written extensively about reductions to assumed rates of return on investment by State and some local public pension plans over the last several years. These changes are part of a nationwide trend, influenced partly by the low interest rate environment...
