Governor's Budget Projection Shows Illinois' Continuing Financial Woes
Despite savings from recently enacted pension reforms,…
Despite savings from recently enacted pension reforms,…
This article discusses whether the Chicago Park District pension reforms signed into law by Governor Pat Quinn on January 7 could serve as a framework for other local governments in need of pension reform. In its…
States inevitably face lawsuits when they attempt to ease budgetary pressures by cutting pension payments to current employees and retirees. While the legal battle over Illinois’…
The following posts were among the most highly read on the Civic Federation blog in 2013 and represent some of the most closely followed local government issues this year:…
The following posts were among the most highly read on the Institute for Illinois’ Fiscal Sustainability’s blog in 2013 and represent some of the most closely followed Illinois fiscal issues this year:…
The pension plan enacted by the State of Illinois on December 5, 2013 may preserve more of the benefit increases for current employees than is widely…
This article discusses a judge’s ruling allowing the City of Detroit to enter bankruptcy. The judge additionally ruled that pension benefits for employees and retirees could be cut as a part of Detroit’s eventual reorganization plan.…
The Civic Federation supports the Metropolitan Water Reclamation District’s tentative budget of $1.2 billion for its responsible pension practices and transparent long-term planning. The District is prudently basing its pension…
In an analysis released today, the Civic Federation supports the Metropolitan Water Reclamation District’s (MWRD) FY2014 Tentative Budget of $1.2 billion for its responsible pension practices and transparent long-term planning. The full 50…