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Rising Pension, Healthcare Liabilities Help Drive $7.3 Billion Increase in Chicago Long-Term Liabilities Between FY2018 and FY2022

This blog post examines the City of Chicago’s long-term liabilities. It includes a review of trends in the City’s long-term governmental and business-type activities, liabilities, debt service trends and a discussion of its tax-supported…

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Civic Federation Releases Analysis of City of Chicago FY2024 Proposed Budget

Civic Federation Acting President Sarah Wetmore testifies to City Council during a budget hearing on Wednesday, Nov. 1. The Civic Federation on Wednesday released its latest report, …

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City of Chicago FY2024 Proposed Budget: Analysis and Recommendations

Click here to read the full report.…

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Press Release: Civic Federation Supports Proposed City of Chicago FY2024 Budget

Federation praises supplemental pension payments, increase in Police Department civilian positions, but warns of budget’s structural imbalance and future fiscal strains …

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How the Chicago Pension Funds Fared in 2022

In this blog post, the Civic Federation analyzes indicators of the fiscal health of the City of Chicago’s four pension funds based on the most recent FY2022…

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Chicago Police Department Budget Q&A

This blog takes an updated look at the Chicago Police Department (CPD) budget and …

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A City Charter for Chicago?

In recent years there has been renewed interest in developing and implementing a city charter for Chicago. A key theme in Ed Bachrach and Austin Berg’s 2019 book, The New Chicago Way: Lessons from…

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Recommendations to Strengthen the Council Office of Financial Analysis

Last week, the Civic Federation released its report, Financial Challenges Facing the Chicago Mayor and the City Council, which provided an overview of…

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How Should the City of Chicago Evaluate Property Tax Increases?

Throughout the 2023 Chicago mayoral campaign, Mayor Johnson stated that it was his intention to avoid increasing property taxes, citing concerns…

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Johnson Set to Start Tackling Chicago’s Pension Woes, Hemmed in by Vow Not to Raise Property Taxes

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