09.26.13
Since July 2013 each of the six local governments monitored by the Civic Federation with General Obligation bond debt has experienced downgrades to their bond ratings. These governments are the City of Chicago, Cook County, the Metropolitan Water Reclamation District (MWRD), the Forest Preserve...
09.19.13
An effort to clear Illinois’ Medicaid program of ineligible enrollees has led to the removal of 128,700 participants, but State savings are expected to be far lower than hoped by lawmakers, according to testimony at a legislative hearing on September 17, 2013.
The State has moved...
09.19.13
The long-term lease of assets by the City of Chicago is one of the most significant financial undertakings by the City in recent years. These groundbreaking transactions have received national attention and been examined by other governments interested in new models of public-private...
09.13.13
In recent years, the State of Illinois’ financial woes had been complicated by a massive backlog of unpaid income tax refunds . When the backlog was paid off by the end of FY2013, the State reaped a...
09.11.13
Managed competition is a form of alternative service delivery that requires in-house service units of a government to compete with external providers under a controlled or managed process....
09.11.13
Managed competition is a form of alternative service delivery or public-private partnership (P3) that requires in-house service units of a government to compete with external providers under a controlled or managed process. It involves comparing the costs and benefits of contracting out public...
09.06.13
Last week the Civic Federation blog featured an analysis of long-term obligations for six selected municipalities in Illinois and their overlapping governments using a per capita indicator based...
09.04.13
Several recently enacted laws are designed to increase public access to information about the State of Illinois’ budget and improve other aspects of the State’s budget process.
The following table lists budget-related legislation signed by Governor Pat Quinn since the end of...
08.30.13
To support construction projects during the busy summer months, the State of Illinois issued $2.0 billion of capital purpose debt, which for the most part will be repaid from the State’s Capital Projects Fund.
The Fund was created to receive the revenues from a package of new...
08.28.13
The blogs for this week and next week will examine the long-term obligations of six selected municipalities in Illinois and their overlapping local governments using per capita indicators based on unfunded pension liabilities and bonded debt. The overlapping pensions per capita and the...
