This news segment details how the two Democratic candidates for Illinois governor propose to balance the State budget through major changes to the tax structure. In the segment, Civic Federation President Laurence Msall says that the…
This report examines the $54.3 billion FY2010 operating budget for the State of Illinois that was approved by the General Assembly and signed by Governor Pat Quinn on July 15, 2009. The report compares this enacted budget with both the…
(CHICAGO) The Civic Federation’s Institute for Illinois’ Fiscal Sustainability released an independent examination of the enacted FY2010 State of Illinois budget today. The first-of-its-kind report is designed to provide Illinois residents…
This front-page article on the State of Illinois’ fiscal crisis features commentary by the Civic Federation. The Federation is quoted saying that the State is on the edge of insolvency due to a chronic structural deficit and enormous…
A plan by Governor Pat Quinn’s administration to enroll elderly and disabled Medicaid recipients in health maintenance organizations (HMOs) has run into opposition from advocates for the disabled and is moving ahead more slowly than…
Click here to read the Civic Federation’s February 2014 updated list of selected consumer taxes in the City of Chicago. In December of 2009, the Civic…
This article discusses how local bans on video gambling across the State of Illinois might affect funding for the State's $31 billion in capital spending. The Civic Federation is quoted saying it had warned the General Assembly that…
Civic Federation President Laurence Msall was interviewed for this news segment about Illinois' severe budget troubles on National Public Radio's "All Things Considered" program. He says that Illinois' fiscal issues do not stem from the…
As the Civic Federation composes its forthcoming Status of Local Pensions Report, we have pensions on our minds. Here’s a quick round up of what’s happening with local pension funds in Chicago and across the State of Illinois, including…
This week the State of Illinois finalized one of its largest revenue sources enacted by General Assembly and approved by the Governor to fund the FY2010 budget, a $3.5 billion loan. By selling five-year pension obligation bonds,…
