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August 30, 2010
Chicago Tribune - Page 17
The Civic Federation’s “Cost of the Crisis” report is the focus of this article. The Federation says that because of the State of Illinois’ declining bond ratings, taxpayers may have to pay an additional $551.3 million in extra borrowing costs on recently secured debt.
March 30, 2010
The Civic Federation supports the Illinois General Assembly’s first steps toward comprehensive public pension reform in Illinois and urges state leaders to implement further reforms. On Wednesday, March 24, 2010, the Illinois General Assembly took the first important steps toward comprehensive public pension reform in Illinois by approving Senate Bill 1946 as amended by the Illinois House. The bill now awaits approval by Governor Quinn.
February 26, 2010
The Wall Street Journal - Page A6
This article discusses the difficulties State of Illinois Governor Pat Quinn may have in cutting spending and raising taxes to close the State’s budget deficit, estimated to be at least $12.8 billion. The piece cites the IIFS report, “A Fiscal Rehabilitation Plan for the State of Illinois,” which calls for cuts in spending, pension system overhauls, and tax increases to help balance the budget.
February 3, 2012 - 9:21am
The State of Illinois FY2013 Budget Roadmap, issued on January 30, 2012 by the Civic Federation’s Institute for Illinois’ Fiscal Sustainability, relies on a five-year budget analysis by the Illinois Department of Healthcare and Family Services (HFS). The HFS analysis is now available on the website of the State’s Budgeting for Results Commission.
We welcome any questions and feedback about the content of this blog. Please e-mail blog@civicfed.org with your query.
February 2, 2012 - 5:01pm
State and local governments across the nation increasingly are using alternative service delivery efforts, known as public-private partnerships (P3s) to provide a wide variety of services, from printing to janitorial services to major infrastructure projects. The reasons for moving to a P3 framework range from reducing operational costs, outsourcing internal service functions or obtaining one-time infusions of cash for large scale asset leases. Many of these transactions, such as the City of Chicago’s 2009 long-term lease of its parking meters, have been controversial.
We welcome any questions and feedback about the content of this blog. Please e-mail blog@civicfed.org with your query.
Co-Hosted by the Federal Reserve Bank of Chicago and the Civic Federation
March 14, 2012 - 8:00am - 1:00pm
Location: The Federal Reserve Bank of Chicago - 230 South LaSalle Street, Chicago, Illinois
Location: The Federal Reserve Bank of Chicago - 230 South LaSalle Street, Chicago, Illinois
This spring, the Civic Federation, in partnership with the Federal Reserve Bank of Chicago, will present a half-day conference on the subject of public-private partnerships (P3s) to provide state and local governments with actionable ideas on alternatives to their current delivery of services.
January 30, 2012
Reuters