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The Civic Federation is a non-partisan government research organization working to maximize the quality and cost-effectiveness of government services in the Chicago region and State of Illinois.

Tweets by @CivicFederation

The Civic Federation
The Chicago Teachers’ Pension Fund is still only 50.1% funded. Improving the funding status of the pension fund wil… https://t.co/tOD0Onh8He
The Civic Federation
CPS is projecting its first operating surplus in several years at the end of FY2018: https://t.co/UWKeWpLK02

Blogs

08.10.18

The City of Chicago released its 2017 Comprehensive Annual Financial Report (CAFR) earlier this summer. This blog will examine the City’s Corporate Fund (i.e. General Fund) fund balance as a percent of general operating expenditures based on audited data from the City’s most recent CAFR. This...

07.27.18

The Chicago City Council on July 25, 2018 approved a 2.0% surcharge on shared housing and vacation rentals in the City of Chicago. The 2.0% surcharge is in addition to an existing 4.0% surcharge on vacation rentals or shared housing units, bringing the total taxes specific to home sharing to 6.0...

07.16.18

The State of Illinois collected over $900 million more in revenues than previously forecast in the budget year that just ended, apparently resulting in a lower than expected year-end backlog of unpaid bills.

The State’s general operating revenues for fiscal year 2018 were $37.7 billion,...

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Tweets by @CivicFederation

The Civic Federation
The Chicago Teachers’ Pension Fund is still only 50.1% funded. Improving the funding status of the pension fund wil… https://t.co/tOD0Onh8He
The Civic Federation
CPS is projecting its first operating surplus in several years at the end of FY2018: https://t.co/UWKeWpLK02
The Civic Federation
The full analysis of CPS’ FY2019 budget offers a comparison of historical State funding vs. evidence-based State fu… https://t.co/jRYhWBefTK