02.12.15
The Civic Federation’s previous blog examined the long-term debt of eight major local governments in northeastern Illinois.
This blog explores the unfunded pension liabilities of...
02.12.15
The Civic Federation’s previous blog examined the long-term debt of eight major local governments in northeastern Illinois.
This blog explores the unfunded pension liabilities of...
02.03.15
The Civic Federation regularly analyzes and comments on the budgets and audited financial statements of eight major local governments in northeastern Illinois:
1....
01.15.15
The Civic Federation and IIFS blogs have written extensively about reductions to assumed rates of return on investment by State and some local public pension plans over the last several years. These changes are part of a nationwide trend, influenced partly by the low interest rate environment...
12.30.14
The following posts were among the most highly read on the Civic Federation blog in 2014 and represent some of the most closely followed local government issues this year:
Illinois...
12.03.14
The Chicago Transit Authority (CTA) recently released its FY2015 proposed budget. While the Civic Federation traditionally analyzes features common to all local government budgets, our analyses of the...
11.17.14
The Civic Federation supports the Chicago Transit Authority’s (CTA) proposed FY2015 budget of nearly $1.4 billion. The budget represents an improved level of fiscal stability made possible...
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...
09.17.14
The most basic question about a pension fund is whether its assets are sufficient to cover total liabilities incurred. In this blog post, we examine the aggregate pension liabilities and Other Post Employment Benefit (OPEB) liabilities of ten large local...
01.15.14
As a follow-up to the Capital Planning Overview , this blog post summarizes information contained in the Civic Federation’s FY2014 budget analyses to compare how well the capital improvement...
12.30.13