Pensions

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Lack of Action on FY2011 Forest Preserve District Budget Demonstrates Need for Separate Governing Board

(CHICAGO) Even though the staff of the Forest Preserve District of Cook County completed and filed its budget three months ago and is now over three weeks into the 2011 fiscal year, the dual board of Commissioners that governs both the…

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Some Pension Bond Proceeds Could End Up in General Funds

In addition to the tax increase and spending limits bill approved in the last hours of the 96th Illinois General Assembly,…

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Thousands start work with more lucrative pension

This article discusses how employees hired by the State of Illinois before January 1, 2011 will be placed into a more lucrative pension plan than those hired on or after that date. The Civic Federation says that after the State passed a…

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Illinois faces $13 billion budget deficit

This segment of the “Marketplace” program discusses the effect the State of Illinois budget gap has had on its fiscal outlook. Civic Federation President Laurence Msall says the State has not properly funded its pension system, which could…

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IIFS Blog Provides Context and Commentary on State Fiscal Issues

Over the course of 2010 the IIFS blog explored a number of State of Illinois budget topics ranging from Medicaid/HMO funding issues to the State public pension system. Posts on the IIFS blog not only supplement IIFS publications, but also…

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Civic Federation Provides Extensive Online Commentary and Analysis

In 2010 the Civic Federation blog provided comprehensive information about government and fiscal issues across Illinois for the public, government officials and media. In a range of posts on topics from the…

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New report highlights Illinois’ state budget woes

This news segment discusses a recent report that describes the condition of Illinois’ finances as dire. Civic Federation President Laurence Msall assents with that assessment and adds that the State’s has few options to fix its fiscal…

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Civic Federation Urges Governor Quinn to Sign Senate Bill 3538

  UPDATE: The Civic Federation commends Governor Pat Quinn for signing Senate Bill 3538,…

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Future Effects of P.A. 96-0889 on MWRD Pension System

Today the Civic Federation released its analysis of the Metropolitan Water Reclamation District’s FY2011…

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Metropolitan Water Reclamation District FY2011 Budget: Analysis and Recommendations

The Civic Federation supports the Metropolitan Water Reclamation District’s FY2011 Tentative Budget of nearly $1.0 billion. The tentative budget is a $681.1 million, or 41.1% decrease over final adjusted FY2010 appropriations. This decline…