01.13.10
As the Civic Federation composes its forthcoming Status of Local Pensions Report, we have pensions on our minds. Here’s a quick round up of what’s happening with local pension funds in Chicago and across the State of Illinois, including status updates on commissions, results of...
12.22.09
The redesign of the Civic Federation website in July has provided the public, government officials, and the media better access to the Federation’s analyses of government services in Illinois. The regularly-updated Civic Federation blog especially has provided a constant source of...
12.22.09
Since its beginnings in July with the overhaul of the Civic Federation’s website, the IIFS blog has focused mostly on issues related to the Illinois budget , including ...
12.09.09
As noted on page 9 of its FY2010 Tentative Budget , the Metropolitan Water Reclamation District of Greater Chicago will begin to address concerns over its increasing pension liabilities....
12.09.09
The Civic Federation supports the Metropolitan Water Reclamation District’s FY2010 Tentative Budget of nearly $1.7 billion as a prudent response to revenue shortfalls. The MWRD plans to...
12.08.09
Facing a multi-billion dollar mountain of unpaid bills and declining revenues, Governor Pat Quinn has proposed a new short-term borrowing plan for the State of Illinois that has encountered opposition from the Comptroller’s Office.
As...
12.04.09
In September Fitch Ratings announced an upgrade of the Forest Preserve District of Cook County’s outstanding unlimited tax general obligation bonds totaling $115 million to ‘AA-’ from ‘A+.’...
12.03.09
The Chicago Park District recently proposed its FY2010 operating budget, totaling $391.9 million. The District is decreasing its operating expenditures by 0.3% from the FY2009 budget, which is one of the reasons the Federation offered its...
12.02.09
For anyone who missed a last ride on the tilt-a-whirl when Kiddieland closed last month, a quick review of our state’s fiscal situation can provide a similar type of stomach-churning, gravity-defying...
12.02.09
The Civic Federation offers qualified support for the FY2010 Chicago Park District’s proposed operating budget of $391.9 million. The District is proposing a responsible budget that reduces...
