Civic leaders urge Springfield: Don’t forget about pensions
At a press conference January 3, several Chicago civic groups including the Civic Federation urged Illinois legislators to act on pension reform in the final…
At a press conference January 3, several Chicago civic groups including the Civic Federation urged Illinois legislators to act on pension reform in the final…
A pension reform proposal introduced in the Illinois General Assembly late last year could immediately reduce the State’s required annual contributions by nearly $2 billion, according to recent actuarial reports. As discussed…
Civic Federation, Metropolitan Planning Council, Better Government Assn., Chicago Urban League Seek Immediate Action CHICAGO—A group of civic organizations dedicated to improving government and making it more responsive to the public is…
At a press conference on January 3, the Civic Federation joined with a group of other civic organizations including the Better Government Association, the Metropolitan Planning Council and the Chicago Urban League to urge the Illinois…
Throughout this year’s Illinois budget negotiations, the IIFS blog was a valuable source of information and focus in the State’s murky and complex budget process. This year’s negotiations included a groundbreaking effort to address the…
A look back at the Civic Federation’s blog this year provides a preview of upcoming fiscal challenges for local governments in 2013. Pension Funding The most urgent fiscal challenge for Illinois governments continues to be the pension…
This segment covers a proposal released by a coalition of public employee unions in response to the State’s pension funding crisis. The Civic Federation said the proposal could represent part of the necessary reforms, but much more is…
On December 13 Moody’s Investors Service downgraded the outlook for the State of Illinois’s credit rating to negative from stable, citing pension funding pressures that are likely to persist or worsen in the near term. The Civic Federation…
This article discusses the Civic Federation’s State of Illinois Infrastructure report, which found that State and local governments could need to invest more than $300 billion…