Recommendations to Reform Public Pension Boards of Trustees in Illinois
This report reviews best practices in the composition of public pension boards of trustees nationwide, and makes recommendations on improvements to pension boards in Illinois.
This report reviews best practices in the composition of public pension boards of trustees nationwide, and makes recommendations on improvements to pension boards in Illinois.
The Civic Federation supports the FY2009 City of Chicago budget of $5.97 billion because it does not rely on raising property tax and begins the painful yet necessary step of reducing payroll by 2,618 full-time equivalent positions to…
The Civic Federation supports the the Chicago Public Schools recommended 6.2 billion dollar FY2009 budget because it shows restraint by freezing property tax rather than reflexively raising them to the maximum amount allowed under the…
This report provides a trend analysis of indicators that measure the financial health and performance of ten major local government pension funds from 1997 to 2006. It finds a combined 18.3 billion dollars in unfunded liabilities for the…
The Civic Federation gives qualified support to the Chicago Public Schools Recommended 5.8 billion dollar FY2008 operating budget. The District has made efforts to contain costs and improve budget transparency. However, the Civic…
This report compares Illinois school districts' financial management and accountability standards with nationwide best practices, and makes policy recommendations regarding steps Illinois should take to ensure greater financial…
This report provides a trend analysis of indicators that measure the financial health and performance of ten major local government pension funds from 1997 to 2005. It finds a combined 16.5 billion dollars in unfunded liabilities for the…
The Civic Federation opposes the Chicago Public Schools Recommended $5.3 billion FY2007 operating budget because it lacks long-term planning and transparency.
This report provides a trend analysis of indicators that measure the financial health and performance of ten major local government pension funds from 1997 to 2004. It finds a combined $14.4 billion in unfunded liabilities for the ten…
This issue brief provides a "plain English" description of how GASB 43 and 45 will require government financial reporting on non-pension post-employment benefits (OPEB). It is illustrated with preliminary estimates of unfunded OPEB…