This article discusses a new pension reform proposal introduced by Representative Elaine Nekritz and a bipartisan group of 23 co-sponsors on the final day of the Illinois General Assembly’s fall veto session. The Civic Federation said the…
On the final day of the General Assembly’s fall veto session, a bipartisan group of State legislators unveiled a new pension reform proposal designed to help resolve the State’s pension crisis. Governor Pat Quinn has…
Civic Federation cautions use of one-time revenues could undermine deficit reduction efforts In a report released today, the Civic Federation announced its support for the Chicago Park District’s proposed FY2013 budget of $410.9 million…
The Civic Federation supports the $410.9 million FY2013 Chicago Park District budget for limiting spending increases and continuing the District’s effort to eliminate its structural deficit by FY2015. By utilizing prudent alternatives to…
This editorial urges the Illinois legislature to immediately focus on pension reform and supports the Civic Federation’s position that the…
Federation Calls Gaming Bill a Major Distraction from Pension Reform The Civic Federation supports Governor Pat Quinn’s veto of Senate Bill 1849, which would authorize casino gambling in Chicago and significantly expand gambling in other…
In a report released today, the Civic Federation supports the $190.3 million proposed FY2013 Forest Preserve District of Cook County budget for its discipline in identifying non-tax revenue sources as an alternative to increasing the…
(The full content of this article is available only to the publication’s subscribers.) This article covers the Civic Federation’s updated analysis of Illinois’ pension…
The financial condition of the State of Illinois’ five retirement systems worsened in FY2012, with the systems’ total unfunded liability growing to $96.8 billion as of June 30, 2012 and the combined funded ratio declining to 39.0%. The…
This article cites an IIFS blog post that the State’s total contribution to its five retirement systems will need to increase by nearly $1…
