This article reports on a real estate investment made on behalf of five of Chicago’s public pension plans, which resulted in significant losses for those plans. Civic Federation President Laurence Msall comments on the lost investment and explains what could be done to prevent future risky investments.
This editorial discusses the eight-month Illinois budget impasse, calling on Illinois General Assembly leaders to aid in passing a budget. The Civic Federation’s State of Illinois FY2017 Budget Roadmap is cited as a reasonable blueprint for what the State’s budget might look like, including a mix of increased revenues and spending cuts.
This editorial features recommendations found in the Civic Federation’s FY2017 Budget Roadmap and discusses Illinois’ potentially bleak future if steps aren’t taken to address the State’s financial crisis. The Editorial Board calls the Federation’s recommendations “warnings” and notes that problems that are ignored do not disappear—they only grow worse.
This article highlights the Civic Federation’s FY2017 State of Illinois Budget Roadmap and its recommendations to help stabilize Illinois’ finances. Civic Federation President Laurence Msall speaks about the Federation’s comprehensive plan to address the State’s fiscal issues.
This article reports on the Chicago Transit Authority’s costly pensions and associated fees for investment, actuarial and legal services. Laurence Msall, President of the Civic Federation, discusses the disadvantages of the CTA’s current pension system.
This article reports on the Civic Federation’s three-year plan to help stabilize Illinois’ budget. Laurence Msall, President of the Civic Federation, comments on the need for action and sacrifice to fix the State’s issues.
This article covers the release of the Civic Federation’ s FY2017 State of Illinois Budget Roadmap, released in advance of Governor Bruce Rauner’s forthcoming budget address. Laurence Msall, President of the Civic Federation, is quoted in the article on the increasing lack of politically popular options the State has left in order to address its financial crisis.
Prior to the release of the Governor’s annual budget recommendation, the Institute for Illinois’ Fiscal Sustainability at the Civic Federation releases an analysis of the State of Illinois’ fiscal condition. This report presents the Civic Federation’s three-year plan to stabilize Illinois’ finances and addresses the State’s critical financial situation. More than seven months into the…
(CHICAGO) – In a report released today, the Civic Federation’s Institute for Illinois’ Fiscal Sustainability proposes a comprehensive three-year plan that addresses Illinois’ ongoing financial crisis with painful but necessary spending limits and revenue enhancements. The full 55-page report is available here. More than seven months into the current fiscal year, the State of Illinois continues…
This article reports on a proposal from local lawmakers that would use surplus TIF funds to close a portion of CPS’ budget deficit. Laurence Msall, President of the Civic Federation, commented on the need for a comprehensive plan to responsibly address CPS’ entire budget gap.
