This article reports on the City of Chicago’s recent agreement with the Laborers Pension Fund to save the fund from insolvency through a combination of union concessions and revenue from telephone tax increases. Laurence Msall, President…
This segment discusses the State of Illinois’ almost year-long budget impasse and how the expiration of the 2011 temporary income tax hike in 2015 has affected the State’s finances. Civic Federation President Laurence Msall remarks that…
This article explains that the City of Chicago has yet to provide alternative reforms for two of its pension funds after an Illinois Supreme Court ruling overturned the City’s previous reform plan. Civic Federation President Laurence Msall…
This editorial reports on findings included in the Civic Federation’s recent analysis of Governor Rauner’s FY2017 proposed budget and…
This segment reports on two General Assembly working groups currently meeting in Springfield to negotiate an end to Illinois’ FY2016 budget impasse. Laurence Msall, President of the Civic Federation, notes that the State cannot go another…
This article discusses the Civic Federation’s recent analysis of Governor Rauner’s FY2017 proposed budget for the State of Illinois that…
The City of Chicago and Cook County recently joined a number of states nationwide in a move to exempt female hygiene products from the sales tax. At the Local Level On March 16, 2016 the Chicago City Council…
Urges General Assembly and Governor not to pass or sign any appropriations for FY2017 unless part of a comprehensive plan (CHICAGO) – In a report released today, the Civic Federation’s Institute for Illinois’ Fiscal Sustainability…
This article discusses the City of Chicago’s billion-dollar plan to build the George Lucas Museum of Narrative Art that will require borrowing and tax increases. Laurence Msall, President of the Civic Federation, explains that until an…
This article examines the amount of borrowing and tax increases necessary for the City to construct the George Lucas Museum of Narrative Art. Laurence Msall, President of the Civic Federation, notes that it would be difficult to prioritize…
