11.08.13
On October 25, 2013, Moody’s Investors Service downgraded the CTA’s bond rating to A1 from Aa3 and lowered its outlook to negative from stable. This makes it the...
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01.11.12
Data from the most recent audited financial statements of Illinois’ state and local government pension funds shows that the total unfunded liabilities for public employee pensions supported by the taxes of Chicago residents reached $14,896 per capita for fiscal year 2010. That is up...
03.16.10
The total unfunded liabilities of the ten major Chicago-area public pension funds reached $18.5 billion in fiscal year 2008 . That is an increase of over $15.1 billion dollars in ten years, up from $3.4...
03.10.10
As reported in the Civic Federation’s latest report on ten local government pension funds , the most recent audited financial statements of the Chicago firefighters...
03.08.10
This report analyzes basic financial data on ten major local government employee pension funds in Cook County. It is intended to provide lawmakers, pension trustees, pension fund members and...
11.05.07
The Civic Federation supports the CTA's proposed $1.0 billion FY2008 budget because it makes the necessary fare and service changes to create a blanced budget for the coming fiscal year. The...
10.30.99
For the second year in a row, The Civic Federation supported the Chicago Transit Authority's budget based upon the CTA's focused, strategic efforts to attract new riders after years of declining...