Chicago Park District

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Recently Enacted Changes to the Chicago Park District’s Pension Funding Schedule

Over the summer, Illinois Governor JB Pritzker signed into law Public Act 102-0263, which makes changes to the funding schedule for the Chicago Park District’s…

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COVID-19 Pandemic Will Have Serious Impact on Finances of Chicago’s Metropolitan Pier and Exposition Authority and the Illinois Sports Facilities Authority

The coronavirus pandemic has dealt a severe blow to Chicago’s hospitality industry. Conventions have been cancelled, dine-in restaurants have closed, airport traffic has plunged and sporting events have been cancelled. As of early April,…

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Chicago Park District FY2019 Budget: Analysis and Recommendations

Click here to read the full report.  The Civic Federation supports the Chicago Park District’s FY2019 proposed…

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Civic Federation 2019 Legislative Priorities

2019 Civic Federation Legislative PrioritiesThe Civic Federation's legislative priorities for 2019 …

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Chicago Park District FY2018 Budget: Analysis and Recommendations

Click here to read the full report.  The Civic Federation supports the Park District's FY2018 proposed budget because it…

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Chicago Park District FY2017 Budget: Analysis and Recommendations

The Civic Federation supports the Chicago Park District’s proposed FY2017 operating budget of $449.4 million because it continues to reduce the District’s reliance on fund balance to close its budget deficits and keeps the property tax…

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Local Governments Must Repay $168 Million to the State

In April 2016, the Illinois Department of Revenue announced that it discovered a misallocation totaling an estimated $168 million in…

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FY2016 Budget Season Summary

FY2016 Budget Season Summary December 3, 2015 marked the end of the budget season for the eight local governments monitored by the Civic Federation. These governments include: the…

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Chicago Area Governments Bond Ratings Fall Below Investment Grade

Recently, Moody’s Investors Service downgraded the City of Chicago,…

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Chicagoans’ Pension Obligations Per Capita Rose 199.4% Since 2004

The Civic Federation’s previous blog examined the long-term debt of eight major local governments in northeastern Illinois.This…