Forest Preserve District of Cook County

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Forest Preserve District of Cook County FY2017 Executive Budget Recommendation: Analysis and Recommendations

Click here to read the full report. The Civic Federation supports the Forest Preserve District of Cook County’s proposed…

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Local Governments Must Repay $168 Million to the State

In April 2016, the Illinois Department of Revenue announced that it discovered a misallocation totaling an estimated $168 million in…

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FY2016 Budget Season Summary

FY2016 Budget Season Summary December 3, 2015 marked the end of the budget season for the eight local governments monitored by the Civic Federation. These governments include: the…

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Forest Preserve District of Cook County FY2016 Executive Budget Recommendation: Analysis and Recommendations

The Civic Federation supports the Forest Preserve District of Cook County’s proposed $190.3 million budget. The proposed plan is reasonable and balanced, does not use fund balance reserves for operations and holds the property tax levy…

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Chicagoans’ Pension Obligations Per Capita Rose 199.4% Since 2004

The Civic Federation’s previous blog examined the long-term debt of eight major local governments in northeastern Illinois.This…

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Long-Term Debt for Eight Major Chicago Governments Rises by 59.2% in 10-Year Period

The Civic Federation regularly analyzes and comments on the budgets and audited financial statements of eight major local governments in northeastern Illinois: 1.…

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2014 Year in Review on the Civic Federation Blog

The following posts were among the most highly read on the Civic Federation blog in 2014 and represent some of the most closely followed local government issues this year:…

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Forest Preserve District of Cook County FY2015 Executive Budget Recommendation: Analysis and Recommendations

The Civic Federation supports the Forest Preserve District of Cook County’s FY2015 proposed $187.4 million budget for holding the property tax levy relatively flat and minimizing the use of one-time resources. This balanced budget is very…

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Status of Local Pension Funding Fiscal Year 2012

Chicago-area public employee pension funding levels continued to decline in FY2012, with total unfunded liabilities for the ten funds analyzed rising to $37.2 billion from $32.0 billion in FY2011. On average, the ten funds analyzed had an…

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Pension Funding Basics: Assets and Liabilities

The most basic question about a pension fund is whether its assets are sufficient to cover total liabilities incurred. In this blog post, we examine the aggregate pension liabilities and Other Post…