After experiencing several years of poor market conditions, three of the five Illinois State employee retirement funds have reduced their expected rate of return on investments. This rate, also known as the discount rate, is used to…
The Civic Federation opposes the proposed FY2011 City of Chicago budget of nearly $6.2 billion because it does not effectively address the structural deficit and relies too heavily on asset lease reserve funds and debt restructuring to…
The Civic Federation announced today that it opposes the $6.2 billion FY2011 City of Chicago budget because it does not do enough to address the City’s structural deficit. Instead it relies upon long-term asset lease funds and other non-…
This segment of the “Chicago Tonight” news program features a roundtable discussion with the three candidates for Cook County Board President. The candidates discuss recommendations made by the Civic Federation’s…
The purpose of the Cook County Modernization Report is to provide leaders of the County with ideas for reshaping and refining County government that will improve service delivery to residents while reducing wasteful spending and decreasing…
The Metropolitan Water Reclamation District recently announced that it is facing a $24 million budget deficit for FY2011. After hearing a report of the FY2011…
Last week the Metropolitan Water Reclamation District Board of Commissioners held a public…
As the General Assembly nears the final days of this year’s regular session with no FY2011 budget in sight, a group of lawmakers is attempting to advance the negotiations by…
Governor Pat Quinn and his Department of Healthcare and Family Services (HFS) appear to have different estimates of how much the State would save under the Governor’s proposal to require all state retirees to pay a share of their health…
