Civic Federation Blog Archive: December 2010

12.21.10

Where do the Cook County Sales Tax, Amusement Tax and other Taxes go?

State and local governments utilize fund accounting in order to demonstrate accountability and compliance with rules, laws and regulations.[1] For example, Cook County has a multitude of funds including a Public Safety Fund, Health Fund, an Annuity and Benefit Fund, a Bond and Interest Fund and a...

12.15.10

The Chicago Parking Garage Leases

 Although it does not receive as much attention as the Skyway and the metered parking system leases, the downtown public parking system lease was also a very significant privatization transaction. It was undertaken by the City of Chicago, which owned one parking garage in the system and also...

12.08.10

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 tentative budget. The Civic Federation supports the nearly $1.0 billion budget proposal, which represents a $681.1 million, or 41.1% decrease over final FY2010 appropriations. The large...

12.02.10

Motorola Foundation Excellence in Public Service Award Breakfast Honoring Jim Reilly December 9th

Join the Chicago area’s top business, civic and government leaders in honoring Metropolitan Pier and Exposition Authority Trustee Jim Reilly on December 9, 2010. Click here to download an interactive invitation and make your reservation today! Mr. Reilly will receive the 19th Annual Motorola...

12.02.10

Senate Bill 3538 Police and Fire Pension Reforms

UPDATE: The Civic Federation commends Governor Pat Quinn for signing Senate Bill 3538, a bill reforming police and fire pensions in Illinois, on Thursday, December 30 as Public Act 096-1495. To read Governor Quinn’s press release, please click here.

12.01.10

Future Effects of P.A. 96-0889 on Chicago Park District Pension System

   The Civic Federation released today its analysis of the Chicago Park District’s proposed FY2011 budget of $397.6 million. The Federation supported the District’s budget, which represents an increase of only 1.5% from the previous year. The District is continuing to...