The Civic Federation's Institute for Illinois' Fiscal Sustainability produced this analysis of the proposed FY2010 Illinois operating and capital budgets. The Civic Federation does not support the proposed operating budget because it raises taxes without fixing the state's structural deficit. If significant pension and employee healthcare reforms are implemented, the Federation could support a…
Urges General Assembly to Reject Proposed Illinois Budget CHICAGO (May 11, 2009)—The Civic Federation rejects Governor Pat Quinn’s proposed $52.9 billion FY2010 operating budget because it raises taxes without fixing the state’s core problems. The Federation’s new Institute for Illinois’ Fiscal Sustainability released today a 90-page analysis of the budget, offering alternative proposals that…
This report provides a trend analysis of indicators that measure the financial health and performance of ten major local government pension funds from 1998 to 2007, the most recent year for which audited data are available. It finds that unfunded liabilities for the ten funds climbed even during years of good investment returns, increasing from $4.8 to $17.1 billion in ten years, and makes…
The Civic Federation's Institute for Illinois' Fiscal Sustainability produced this guide for addressing the state's FY2010 budget. The roadmap provides an in-depth outline of best practices for a budget that would confront the state's growing fiscal crisis, including the areas of state spending, revenue, pensions, employee and retiree health insurance, Medicaid, capital, and asset sales.
Best Practices and Principles for Difficult Economic Times CHICAGO – The Civic Federation’s new research institute, the Institute for Illinois’ Fiscal Sustainability, delivered to Governor Quinn and every member of the General Assembly today a detailed roadmap for addressing the state’s FY2010 Illinois budget. The first-of-its- kind in Illinois report provides an in-depth outline of best…
The Civic Federation's legislative priorities for 2009 include public pension reform, the dissolving of the Illinois International Port District, creating a new governing board for the Cook County Forest Preserve District, requiring all counties to hold budget hearings, requiring large counties to produce timely annual audits, enacting tax increment financing reporting reform, requiring school…
The Civic Federation urges Cook County Commissioners to reject the proposed $2.9 billion FY2009 County operating budget, which is based on $364.0 million in ill-considered borrowing for operational expenses.
This issue brief and position statement reviews President-Elect Obama and Congressional leaders' proposed federal stimulus package. The Civic Federation supports a federal infrastructure plan that aims to create jobs as a countercyclical economic measure to combat recessionary trends. We are concerned, however, that the State of Illinois is ill-equipped to participate in the process of securing…
The Civic Federation opposes the Cook County FY2009 proposed budget because it is built on an unstable foundation of $364.0 million in borrowed funds to pay for operating expenses less than a year after the County raised its sales tax by one percentage point. The report makes numerous recommendations for cost reductions, management reforms, and pension reforms.
The Civic Federation supports the MWRD's FY2009 Budget because it minimizes the burden on taxpayers and demonstrates reasonable financial planning. The Civic Federation recommends that the District pursue numerous pension reforms in order to improve the declining fiscal health of the pension fund.
