Throughout this year’s Illinois budget negotiations, the IIFS blog was a valuable source of information and focus in the State’s murky and complex budget process. This year’s negotiations included a groundbreaking effort to address the…
A look back at the Civic Federation’s blog this year provides a preview of upcoming fiscal challenges for local governments in 2013. Pension Funding The most urgent fiscal challenge for Illinois governments continues to be the pension…
This segment covers a proposal released by a coalition of public employee unions in response to the State’s pension funding crisis. The Civic Federation said the proposal could represent part of the necessary reforms, but much more is…
On December 13 Moody’s Investors Service downgraded the outlook for the State of Illinois’s credit rating to negative from stable, citing pension funding pressures that are likely to persist or worsen in the near term. The Civic Federation…
This article discusses the Civic Federation’s State of Illinois Infrastructure report, which found that State and local governments could need to invest more than $300 billion…
District’s initiative in developing and promoting a framework for pension reform is a model for local governments In an analysis released today, the Civic Federation supports the Metropolitan Water Reclamation District’s (MWRD) FY2013…
This article discusses a new pension reform proposal introduced by Representative Elaine Nekritz and a bipartisan group of 23 co-sponsors on the final day of the Illinois General Assembly’s fall veto session. The Civic Federation said the…
On the final day of the General Assembly’s fall veto session, a bipartisan group of State legislators unveiled a new pension reform proposal designed to help resolve the State’s pension crisis. Governor Pat Quinn has…
Civic Federation cautions use of one-time revenues could undermine deficit reduction efforts In a report released today, the Civic Federation announced its support for the Chicago Park District’s proposed FY2013 budget of $410.9 million…
