01.15.13
A new three-year budget projection for the State of Illinois by Governor Pat Quinn’s administration shows that significant spending reductions will be needed to balance the State budget in FY2015...
Library
01.10.13
The 97 th Illinois General Assembly’s closing session ended on January 9, 2013, leaving many questions unresolved about the State’s current budget year and fiscal sustainability in the face of its $97 billion unfunded pension...
01.09.13
The Metropolitan Water Reclamation District (MWRD) is a special-purpose government providing wastewater treatment for residents and industrial businesses primarily in Cook County. The budget process for the MWRD differs from the budget processes of other northeastern Illinois governments. The...
01.03.13
At a press conference on January 3, the Civic Federation joined with a group of other civic organizations including the Better Government Association, the Metropolitan Planning Council and the...
01.03.13
A pension reform proposal introduced in the Illinois General Assembly late last year could immediately reduce the State’s required annual contributions by nearly $2 billion, according to recent actuarial reports.
As discussed...
01.02.13
On December 12, 2012, an ordinance to create an independent budget office was introduced to City Council. The ordinance, sponsored by...
11.08.12
The Civic Federation's legislative priorities for 2013 include public employee pension and retiree healthcare reforms, requiring the State of Illinois to develop and implement a capital...
This growing glossary contains common terms used in Civic Federation research, reports and blog posts.
Actuarial Liability: A retirement system’s projected benefit obligation due to past service by employees and retirees.
Appropriation: Spending authority from a specific fund for a specific amount, purpose and time period. [2]
Assessment Level: The percentage of full value at which property is being assessed.
Managing Economic Development in Times of Fiscal Uncertainty: Past Crises and Current Strategies
Thursday, April 4, 2013
8:00 a.m. to 1:00 p.m.
Federal Reserve Bank of Chicago
230 South LaSalle Street
Chicago, Illinois