12.07.11
The Civic Federation offers conditional support for the Metropolitan Water Reclamation District’s (MWRD) FY2012 Tentative Budget of $1.0 billion. The Federation is concerned that the budget...
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12.02.11
As previously discussed here , many controversial issues confronted the Illinois General Assembly as it entered its fall veto session. Pension reform, gambling expansion, tax incentives for...
12.01.11
The Chicago Park District is the only park district in Illinois with its own pension fund. All other park districts participate in the Illinois Municipal Retirement Fund . The Chicago Park District pension fund is governed by a seven-member Board of Trustees,...
12.01.11
The Civic Federation supports the Forest Preserve District of Cook County FY2012 Executive Budget Recommendation totaling $195.0 million, which includes both operating and capital expenditures. We...
11.22.11
The Forest Preserve District of Cook County is the only forest preserve district in Illinois to have its own pension fund. All other forest preserve districts participate in the Illinois Municipal Retirement Fund . The Forest Preserve District pension fund is...
11.21.11
The State of Illinois’ statutorily required contributions to its five retirement systems will be $535.0 million higher than expected in FY2013, partly due to the impact of a pension reform law enacted in 2010.
Required FY2013 state contributions to the five systems had been...
11.17.11
The State of Illinois’ 44 regional school superintendents’ offices, which were slated for elimination in Governor Pat Quinn’s FY2012 budget recommendation, have been granted a reprieve—at least for one year.
In presenting his proposed FY2012 budget to the General...
11.16.11
In its Recommendations for a Financially Sustainable City of Chicago , the Civic Federation recommended that the City’s election function be transferred to Cook County. Consolidated election administration is the norm in...
11.11.11
The Civic Federation's legislative priorities for 2012 include public pension reform, requiring the State of Illinois to develop and implement a capital improvement plan, dissolving the Illinois...
11.10.11
A proposed package of tax incentives currently being considered by the Illinois General Assembly includes eliminating tax relief known as “bonus depreciation” already provided to businesses for 2011 through a federal tax change that the State currently conforms to.
Among...