Civic Federation Recommendations Regarding Changes to Fund Balance Reporting Standards
Earlier this year, the Civic Federation published a blog describing the recent changes to the standards for how governments report fund balance. Fund balance…
UPDATE: On Thursday, August 16, 2012, Governor Quinn signed into law the changes to the Chicago Park District Pension Fund fiscal year as Public Act 097-0894…
The Civic Federation announced its support for the City Colleges of Chicago FY2013 tentative budget on July 12, testifying at a public hearing and releasing its analysis of the proposed $659.…
The Civic Federation supports the City Colleges FY2013 budget totaling $659.5 million because it demonstrates continued fiscal discipline and attention to financial best practices. Unrestricted operating funds, the portion of the budget…
UPDATE: On Thursday, August 2, 2012, Governor Quinn signed legislation to require all counties to release their financial statements within six months of the end of their fiscal year as…
On December 12, 2011, Mayor Rahm Emanuel announced the College to Careers initiative for the City Colleges of Chicago. The new initiative addresses the need to fill an estimated approximately 100,000 jobs that are expected to be available…
In return for watching over District land and serving as a deterrent to crime or misuse, the Forest Preserve District of Cook County rents housing on its property to employees at drastically discounted rates through its Resident Watchmen…
On February 8, 2012, the Chicago Park District Board of Commissioners unanimously voted to provide the Institute of Puerto Rican Arts and Culture (IPRAC) $243,407 in funds from the District’s personal property tax replacement (PPRT)…
Data from the most recent audited financial statements of Illinois’ state and local government pension funds shows that the total unfunded liabilities for public employee pensions supported by the taxes of Chicago residents reached $14,…