Financial Indicators

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July 29, 2022

Funding Status of the Chicago Teachers’ Pension Fund

This blog post examines the Chicago Public Schools’ contributions to the Chicago Teachers’ Pension Fund in the FY2023 budget and the funding status of the Pension Fund based…

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July 1, 2022

Cook County Forecasts Operating Surplus for Year-End FY2022 and Small Deficit Heading into FY2023

On June 23, 2022, Cook County Board President Toni Preckwinkle issued a preliminary budget forecast for fiscal year 2023. The fiscal year begins December 1, 2022 and ends November 30, 2023. The report provides end-of-year estimates for the…

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October 29, 2021

Cook County Short-Term Liability Trends: FY2016-FY2020

Short-term or current liabilities are financial obligations that must be satisfied within one year. These include short-term notes, accounts payable, amounts due to other funds, accrued payroll and other current liabilities. Rating…

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October 15, 2021

City of Chicago FY2022 Proposed Budget: Pension Funds

The Civic Federation released its annual analysis of the City of Chicago’s proposed budget this week. Included in the report was a section dedicated to the budgetary…

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August 13, 2021

State of Illinois Received First Credit Upgrades in Two Decades

The State of Illinois received some good fiscal news this summer: two rating agencies upgraded the State’s credit ratings and a third revised its outlook to positive. The credit upgrades were the first in in two decades, reversing years of…

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June 12, 2020

The Final 2019 Cook County Equalization Factor is 2.9160

The Illinois Department of Revenue recently announced that the final equalization factor for the Cook County 2019 property assessment year (…

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October 7, 2015

Chicago at bottom of fiscal scoreboard for cities-analysis

This article covers the release of the Civic Federation’s Financial Indicators report, which measures the financial condition of 13 U.S.…

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October 7, 2015

Chicago beats Detroit—but not other big cities—in study of fiscal recovery

This article reviews the Civic Federation’s second Financial Indicators study, which uses indicators of financial condition to measure the…

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October 7, 2015

Chicago, New York and Detroit are Lowest Performers on Average in Financial Trend Analysis for FY2009-FY2013

A report released today by the Civic Federation uses nine indicators of financial condition to measure the relative financial trends of Chicago and 12 other major U.S. cities from FY2009 to FY2013. The financial trends for Chicago, New…

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October 7, 2015

Indicators of Financial Condition: A Comparison of the City of Chicago to 12 Other U.S. Cities from FY2009 through FY2013

Financial Indicators Report, FY2009 to FY2013