This article profiles incoming City of Chicago Chief Financial Officer Lois Scott, who has a background in privatization issues. The Civic Federation says that the City should consider privatization of certain assets and services, but…
The Civic Federation’s analysis of the State of Illinois FY2012 budget proposal is the focus of this…
This article discusses the Civic Federation’s analysis of the State of Illinois’ FY2012 proposed budget.
The Civic Federation opposes Governor Pat Quinn’s $52.7 billion FY2012 recommended operating budget for the State of Illinois because it is unbalanced by approximately $2.4 billion and is based on the premise that long-term borrowing is…
(CHICAGO) A new report by the Institute for Illinois’ Fiscal Sustainability at the Civic Federation has found that Governor Quinn’s proposed budget is unbalanced by a total of $2.4 billion when artificially inflated revenues of $970.9…
Among the many challenges facing City of Chicago Mayor-elect Rahm Emanuel when he takes office May 16 is the precarious state of the City’s finances. The City has a large and increasing direct debt load that could be a major indicator of…
In this news segment about the City of Chicago's budget troubles, Civic Federation President Laurence Msall explains that the City must make tough choices to create a sustainable budget. Mr. Msall was a guest on WBBM's "At Issue" weekend…
The Pew Center on the States recently released its report card on the health of state pension systems. Just as they were last year, the…
Governor Pat Quinn’s recommended FY2012 budget for the State of Illinois proposes that General Funds appropriations for the State Employees’ Group Insurance…
This article is about the City of Chicago's plan to replenish $50 million into its reserve fund due to slightly better-than-projected tax receipts. The Civic Federation says that despite the modestly good news, the City must still fill a $…
