Local Pension Investment Returns—Is the Risk Worth the Reward?
All ten Chicago-area local government pension funds analyzed annually by the Civic Federation had negative investment returns in fiscal year 2008 for a total investment…
All ten Chicago-area local government pension funds analyzed annually by the Civic Federation had negative investment returns in fiscal year 2008 for a total investment…
The redesign of the Civic Federation website in July has provided the public, government officials, and the media better access to the Federation’s analyses of government services in Illinois. The regularly-updated Civic Federation blog…
Today the Civic Federation released its analysis of the FY2010 City Colleges Tentative Annual Operating Budget,…
The Civic Federation supports the $492.1 million City Colleges of Chicago FY2010 budget because it is a prudent spending plan that both holds the District’s property tax levy flat over the next two years and compensates for…
This report reviews best practices in the composition of public pension boards of trustees nationwide, and makes recommendations on improvements to pension boards in Illinois.
The Civic Federation supports the FY2009 City of Chicago budget of $5.97 billion because it does not rely on raising property tax and begins the painful yet necessary step of reducing payroll by 2,618 full-time equivalent positions to…
The Civic Federation does not support the City Colleges' proposed FY2009 budget because it is unsustainable and relies almost exclusively on revenue enhancements, such as a maximum property tax increase, rather than focusing on ways to…
The Civic Federation supports the City Colleges of Chicago's tentative $473.6 million FY2008 budget because the district will reduce its overall property tax burden, exercize fiscal restraint, and has increased the amount of time allowed…
The Civic Federation supports the $476.1 million City Colleges of Chicago FY2007 tentative budget because it makes impressive strides in implementing business process reforms that will enable the District to better manage its resources and…
This issue brief provides a "plain English" description of how GASB 43 and 45 will require government financial reporting on non-pension post-employment benefits (OPEB). It is illustrated with preliminary estimates of unfunded OPEB…