The financial condition of Illinois’ pension funds improved slightly due to strong investment returns, but they remained critically underfunded at the end of fiscal year 2017. The five State-funded retirement systems had total unfunded…
Click here to read the full report. The Civic Federation supports the proposed FY2018 City of Chicago budget of $8.6 billion…
(CHICAGO) – In a report released today, the Civic Federation announced its support for the City of Chicago’s proposed FY2018 budget of approximately $8.6 billion. The FY2018 budget proposal continues to work toward stabilizing the City’s…
(CHICAGO) In an analysis released today, the Civic Federation announced its support for the Forest Preserve District of Cook County’s proposed FY2018 Executive Budget Recommendation budget of $198.2 million. The Executive Budget…
Click here to read the full report. The Civic Federation supports the Forest Preserve District of Cook County’s proposed FY2018 budget…
Click here to read this issue brief. With a projected $200 million loss in revenue for fiscal year 2018 due to the recent repeal of…
Following Mayor Rahm Emanuel’s FY2018 budget address, Civic Federation President Laurence Msall spoke with a pool of reporters on the City of Chicago’s finances. He said the Mayor’s budget is a reasonable plan that can move the City…
When the Illinois General Assembly overrode Governor Rauner’s veto of the FY2018 budget package in July, it estimated that the enacted budget would have an operating surplus of about…
For nearly two months, the fate of Illinois’ budget for the current fiscal year was in doubt because of Governor Bruce Rauner’s veto of a…
After several iterations and much disagreement, the State of Illinois now has a new statewide school funding formula. The Illinois General Assembly approved the new formula as Senate Bill 1947, House Floor Amendment 5 on August 29, with…
