The Civic Federation often recommends that local governments undertake long-term financial forecasting and planning, which the Federation believes is one of the single most important financial practices for local governments to undertake.…
In 2010 the Civic Federation blog provided comprehensive information about government and fiscal issues across Illinois for the public, government officials and media. In a range of posts on topics from the…
This brief provides an updated compilation of selected consumer taxes, including rates and descriptions, in effect in the City of Chicago on December 1, 2010. It includes such taxes as the sales tax, gas tax, amusement tax, lease tax,…
UPDATE: The Civic Federation commends Governor Pat Quinn for signing Senate Bill 3538,…
UPDATE: The Civic Federation commends Governor Pat Quinn for signing Senate Bill 3538, a bill…
The City of Chicago contributed $423.9 million to its Municipal, Laborers, Police, and Fire pension funds in fiscal year 2009, an amount equivalent to 13.4% of payroll. If it were following a fiscally reasonable pension funding policy it…
The Civic Federation's legislative priorities for 2011 include public pension reform, requiring state government to develop and implement a capital improvement plan, the dissolving of the Illinois International Port District, creating a…
Last week the Civic Federation described the City of Chicago’s structural deficit in our budget analysis…
Today the Civic Federation released its analysis of the City of Chicago’s proposed FY2011 budget of nearly $6.…
The Civic Federation opposes the proposed FY2011 City of Chicago budget of nearly $6.2 billion because it does not effectively address the structural deficit and relies too heavily on asset lease reserve funds and debt restructuring to…
