Other Governments

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City Colleges of Chicago FY2011 Budget: Analysis and Recommendations

The Civic Federation supports the City Colleges FY2011 proposed budget totaling $581.9 million, which includes $454.4 million for the operating budget and $127.5 million for capital improvements. The City Colleges is proposing to reduce…

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MWRD Discusses New Office Space Options, But May Dock Plans Due to Grim Budget Projections

On June 17, 2010 the Metropolitan Water Reclamation District held a…

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Cloudy Mid-Year Financials for MWRD May Mean Choppy Waters Ahead

Last week the Metropolitan Water Reclamation District Board of Commissioners held a public…

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Sales Taxes: Reports and Projections

Last month the State of Illinois Commission on Government Forecasting and Accountability (COGFA) released a report entitled “…

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Changes in Store for the DuPage Water Commission?

Last week the Illinois General Assembly adjourned for the summer. The House and the Senate sent numerous bills to Illinois Governor Pat Quinn to either sign or veto. One such bill is Senate Bill 580, which would restructure the existing…

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Local Pension Investment Returns—Is the Risk Worth the Reward?

All ten Chicago-area local government pension funds analyzed annually by the Civic Federation had negative investment returns in fiscal year 2008 for a total investment…

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Local Pension Unfunded Liabilities Hit $18.5 Billion

The total unfunded liabilities of the ten major Chicago-area public pension funds reached $18.5 billion in fiscal year 2008. That is an increase…

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How Healthy are Chicago-area Public Pension Funds? A Look at Funded Ratios

As reported in the Civic Federation’s latest report on ten local government pension funds, the most recent audited financial statements of the…

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Status of Local Pension Funding Fiscal Year 2008: An Evaluation of Ten Local Government Employee Pension Funds in Cook County

This report analyzes basic financial data on ten major local government employee pension funds in Cook County. It is intended to provide lawmakers, pension trustees, pension fund members and taxpayers with the information they need to…

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Forest Preserve District of Cook County Separate Board of Commissioners: Legislative Update

The Civic Federation and the Friends of the Forest Preserves believe that the current governance structure of the Forest Preserve District of Cook County…