The Civic Federation supports the proposed FY2012 Chicago Transit Authority budget of $1.2 billion because it will set the agency on a more sustainable path. The spending plan will also avoid fare hikes or service cuts if labor unions and…
The Civic Federation supports the FY2012 proposed Chicago Transit Authority budget of approximately $1.2 billion because it ends the past practice of using capital funds to close operating gaps and maintains current fare and service levels…
In this blog post, Greg Hinz recommends that the City of Chicago consider consolidating its four pension funds as New York City recently did. The Civic Federation is quoted saying that the idea is worth pursuing.
(CHICAGO) The Civic Federation supports the proposed FY2012 Cook County budget of $3.3 billion because it reduces spending from FY2011, implements efficiencies and avoids raising broad-based taxes. The full 77-page report is available at…
The Civic Federation supports the Cook County FY2012 Executive Budget Recommendation totaling $2.9 billion. Cook County Board President Toni Preckwinkle’s proposed $2.2 billion General Fund budget is a 4.6%, or $107.4 million, decrease…
Civic Federation Urges Mayor, City Council to Get Moving on Pension Reform The Civic Federation announced its support for the proposed $6.3 billion FY2012 City of Chicago Budget today. The Federation’s full 106-page report not only reviews…
The Civic Federation supports the proposed FY2012 City of Chicago budget of nearly $6.3 billion because it takes effective action to reduce the City’s structural deficit through significant expenditure reductions and targeted revenue…
The Cook County pension fund actuarial value funded ratio has fallen from 88.9% to 60.7% over ten years. The unfunded accrued actuarial liabilities have reached $5.2 billion or $993 per Cook County resident. While the County’s pension fund…
The Illinois General Assembly is expected to take up a host of budget-related bills during its veto session, which opened on October 25, 2011. During the veto session, the…
City of Chicago Mayor Rahm Emanuel’s budgetary plans for the City are the focus of this article. The Civic Federation says that the City’s debt obligations do not allow much budgetary wiggle room in the latest City budget. The Federation…
