12.09.10
UPDATE: The Civic Federation commends Governor Pat Quinn for signing...
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12.02.10
UPDATE: The Civic Federation commends Governor Pat Quinn for signing Senate Bill 3538 , a bill reforming police and fire pensions in Illinois, on...
11.18.10
This report examines the State of Illinois’ $53.5 billion operating budget for Fiscal Year 2011, which began on July 1, 2010 and ends on June 30, 2011. The report focuses on the $25.8...
11.18.10
A new report by the Civic Federation’s Institute for Illinois’ Fiscal Sustainability (IIFS) shows why the State of Illinois is struggling to make its...
11.11.10
The Civic Federation's legislative priorities for 2011 include public pension reform, requiring state government to develop and implement a capital improvement plan, the dissolving of the Illinois...
11.11.10
When the General Assembly reconvenes next week for its annual veto session, it is expected to continue deliberating whether to borrow in FY2011 to make its required pension payment. If approved, the borrowing plan would lighten the load on the...
11.05.10
As explained in its recent analysis of the State of Illinois FY2011 proposed budget, the Civic Federation opposes the practice of supplying money to the State’s pension funds through borrowing. Pensions are...
11.05.10
After experiencing several years of poor market conditions, three of the five Illinois State employee retirement funds have reduced their expected rate of return on investments. This rate, also known as the discount rate, is used to calculate the present value of the future obligations...
08.24.10
The following letter to the editor of the Chicago Tribune from Civic Federation President Laurence Msall was published on August 24, 2010.
As a non-partisan, independent government research organization, the Civic Federation applauds R. Eden Martin, the Commercial Club and the Chicago...
06.22.10
The State of Illinois has yet to determine how it will handle its required pension contributions for FY2011. However, a recent analysis by the Commission on Government Forecasting and Accountability (COGFA) estimates...