10.16.14
Since the release of our 2012 Effective Tax Rates report on September 29 th the Civic Federation has fielded many inquiries about how to calculate the rates for municipalities outside the study. In...
Library
10.09.14
This analysis finds that the State of Illinois' FY2015 enacted budget represents a return to unsustainable fiscal practices including borrowing for operations and underfunding known costs....
10.09.14
Municipal bankruptcies are very rare but a spate of filings, including the largest municipal bankruptcy in U.S. history by the City of Detroit, and ongoing municipal budgetary stress around the country has led to discussions of what, if anything, states should do to assist distressed cities....
10.08.14
An analysis this week released by the Civic Federation uses 13 indicators of financial condition to provide a snapshot of the fiscal health of four Chicago charter schools or networks between fiscal years 2007 and 2011. The analysis indicated strong fiscal health for the Lawndale Regional and...
10.06.14
This report is a quantitative analysis of the finances of four Chicago charter schools. The report uses 13 indicators of financial condition to provide a snapshot of fiscal health for the five-...
10.02.14
In the past few months, it has become evident that Illinois vastly underestimated the number of newly eligible recipients who would sign up for Medicaid under the Affordable Care Act. However, the fiscal implications of the unexpectedly strong enrollment remain unclear.
Governor Pat...
10.02.14
Chicago-area public employee pension funding levels continued to decline in FY2012, with total unfunded liabilities for the ten funds analyzed rising to $37.2 billion from $32.0 billion in FY2011...
10.01.14
This week the Civic Federation released its annual Effective Property Tax Rates report. The report highlights the fact that in 2012 property tax burdens for many Northeastern Illinois communities rose...
09.29.14
This annual report compares effective property tax rates in the...
09.26.14
The declining health of public employee pension funds throughout the State of Illinois is primarily due to two causes: inadequate employer contributions over a sustained period and recent investment losses. This blog will discuss the role of investment rate of return in public employee pension...