Unincorporated Cook County Glossary
Below is a list of terms commonly used in the Civic Federation's Unincorporated Cook County report. Annexation Is the extension of municipal boundaries…
Below is a list of terms commonly used in the Civic Federation's Unincorporated Cook County report. Annexation Is the extension of municipal boundaries…
Local governments across the country are searching for ways to more humanely and cost-effectively treat individuals with mental illnesses who come into contact with the criminal justice system. According to a…
The Civic Federation supports Cook County’s proposed FY2015 operating budget of $3.7 billion for holding the property tax levy relatively flat and not including any new fines or fees. Instead, a $168.9 million shortfall is closed…
Since the release of our 2012 Effective Tax Rates report on September 29th the Civic Federation has fielded many inquiries about how to…
Chicago-area public employee pension funding levels continued to decline in FY2012, with total unfunded liabilities for the ten funds analyzed rising to $37.2 billion from $32.0 billion in FY2011. On average, the ten funds analyzed had an…
The declining health of public employee pension funds throughout the State of Illinois is primarily due to two causes: inadequate employer contributions over a sustained period and recent investment losses. This blog will discuss the role…
This annual report compares effective property tax rates in the six-county region of northeastern Illinois…
The most basic question about a pension fund is whether its assets are sufficient to cover total liabilities incurred. In this blog post, we examine the aggregate pension liabilities and Other Post…
The difference between a pension fund’s assets and accrued liabilities is known as the unfunded liability. The unfunded actuarial accrued liability (UAAL)…
Unincorporated areas lie outside municipal boundaries. The residents and businesses located in these areas are usually provided municipal services such as police protection and building code enforcement by county government or special…