May 14, 2014

Crain's Chicago Business

Crain's Chicago Business
May 14, 2014

This article discusses a tentative agreement reached to stabilize Cook County’s Pension Fund through a combination of benefit and funding reforms. A recent Civic Federation blog post compared funded ratios of the Cook County Pension Fund between FY2004 and FY2013. At the Fund’s current rate of decline, it is projected to become insolvent in 2038. 

May 15, 2014 - 2:22pm


May 15, 2014

New actuarial reports released by the Cook County Pension Fund this month show a slight improvement in the Fund’s financial position in 2013 due to better than expected investment returns. Despite the improved performance, however, the Fund is projected to become insolvent by 2038.


We welcome any questions and feedback about the content of this blog. Please e-mail blog@civicfed.org with your query.

May 15, 2014 - 10:33am


May 15, 2014

More Illinois residents than originally projected are signing up for Medicaid as a result of the federal Affordable Care Act, but the long-term impact on the State budget remains unclear.

Illinois officials had initially projected that 241,500 new recipients would sign up by the end of the current fiscal year on June 30, 2014. The current enrollment estimate for year-end FY2014 is 78.1% higher at 430,000.


We welcome any questions and feedback about the content of this blog. Please e-mail blog@civicfed.org with your query.

May 13, 2014

Crain's Chicago Business

Crain's Chicago Business
May 13, 2014

This article covers the analysis of Governor Quinn’s FY2015 Recommended Budget released today by the Institute for Illinois’ Fiscal Sustainability at the Civic Federation. The Civic Federation opposes the budget because it uses revenue from extending the 2011 temporary income tax increase for new spending, rather than reducing the State’s backlog of unpaid bills. 

May 13, 2014

The Civic Federation opposes Governor Pat Quinn’s recommended budget for FY2015 because it uses revenue from extending the 2011 temporary income tax increase for new spending. The State’s fiscal crisis demands that any increased revenue be used to stabilize State finances by significantly reducing its massive backlog of unpaid bills.

May 13, 2014

May 13, 2014

May 13, 2014

Plan Uses Revenue from Increased Income Tax Rates on New Homeowners’ Grant

(CHICAGO) – In a new report released today, the Civic Federation’s Institute for Illinois’ Fiscal Sustainability opposes Governor Quinn’s recommended budget for FY2015 because it uses revenue from extending the 2011 temporary income tax increase for new spending. The State’s fiscal crisis demands that any increased revenue be used to stabilize State finances by significantly reducing its massive backlog of unpaid bills. The Institute’s full 36-page report is available at www.civicfed.org.

May 9, 2014 - 7:59am


May 9, 2014

As part of the FY2015 budget recommendation for the State of Illinois, Governor Pat Quinn provided two separate five-year projections for both “recommended” and “not recommended” budget proposals.


We welcome any questions and feedback about the content of this blog. Please e-mail blog@civicfed.org with your query.

May 8, 2014 - 9:55am


May 8, 2014

The consolidation and dissolution of local units of government has been the subject of much discussion recently in Illinois. The purpose of this blog post is to briefly summarize a recent report released by the Illinois Local Government Consolidation Commission and other relevant legislation aimed at improving the efficiency and effectiveness of government operations by streamlining the procedures for annexing, consolidating and dissolving units of local government in Illinois. 


We welcome any questions and feedback about the content of this blog. Please e-mail blog@civicfed.org with your query.

May 7, 2014

The Bond Buyer

The Bond Buyer
May 7, 2014

(The full text of this article is only available to the publication’s subscribers.)

This article reviews the major investments included in the $423 million capital plan released by Chicago Public Schools May 2, which relies heavily on borrowing. The Civic Federation said CPS should release details on how it prioritized these projects, as well as how the financially-strapped District plans to absorb the added debt service costs of the new borrowing.

May 6, 2014

Chicago Tribune

Chicago Tribune
May 6, 2014

This article reviews the $423 million capital plan released by Chicago Public Schools May 2, which is financed primarily through borrowing. The Civic Federation said the District needs to have a plan for absorbing the resulting increased debt service into a budget that is already severely constrained.

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