This issue brief provides a "plain English" description of how GASB 34 has increased transparency in government financial reporting. It is illustrated with examples from the City of Chicago's FY2002 CAFR, as well as State of Illinois and…
The Civic Federation supported the rejection of any broad-based tax increases but opposed the proposal to reduce pension funding by $310 million and extend payment of that amount over a 41-year period.
The Civic Federation supported the Governor's rejection of any broad-based tax increases but opposed the proposal to reduce pension funding by $527 million to balance the budget. It urged the General Assembly to hold public hearings to…
The Civic Federation supported the Governor's rejection of any broad-based tax increases but opposed the proposal to reduce pension funding by $527 million to balance the budget. It urged the General Assembly to hold public hearings to…
The Civic Federation supported some of the resolutions before the Northeastern Illinois Regional Transportation Task Force. It urged the Task Force to consider the criteria of sound fiscal policy, improved service, and continued federal…
Final County Spending Plan Relies Less on Tax Increases and More on Reserve Funds and Efficiencies (Chicago) - The Civic Federation today congratulated President Stroger and the Cook County Board of Commissioners for approving a FY2004…
CHICAGO – As the Cook County Board continues its debate on the proposed $3 billion budget for FY 2005, the Civic Federation applauds the Board for its vote to consolidate the public relations, human resources and finance departments of the…
This report provides a 6-year trend analysis of indicators that measure the financial health and performance of 9 major local government pension funds from 1997 to 2002.
The Civic Federation offered qualified support for Cook County Assessor Houlihan's proposal to limit homestead assessment increases to 7% annually. The proposal is contained in Amendment #2 to Senate Bill 1498, and would replace the…
The Civic Federation commended the MWRD for its FY2004 budget of $848.3 million because the District reduced its property tax levy by $2.7 million from the tentative FY2004 budget proposal, it drew down its Corporate Fund balance from a…
