Chicago-area public employee pension funding levels dropped significantly in FY2011, with unfunded liabilities for the ten funds analyzed rising to $32.0 billion from $27.4 billion in FY2010, an increase of 16.7% according to the most…
This blog examines some of the long-term obligations of the City of Chicago and its overlapping local governments using a per capita indicator based on bonded debt and unfunded pension liabilities. Rating agencies and other financial…
In this blog, the Civic Federation will explore the City Colleges of Chicago’s fund balance levels as reported in its recently released Comprehensive…
The Metropolitan Water Reclamation District (MWRD) is a special-purpose government providing wastewater treatment for residents and industrial businesses primarily in Cook County. The budget process for the MWRD differs from the budget…
A look back at the Civic Federation’s blog this year provides a preview of upcoming fiscal challenges for local governments in 2013. Pension Funding The most urgent fiscal challenge for Illinois governments continues to be the pension…
Last week marked the end of the budget season for the nine local governments monitored by the Civic Federation. These governments include: the City Colleges of Chicago, Chicago Public Schools (CPS), DuPage County, City of Chicago, Cook…
The Civic Federation supports the Metropolitan Water Reclamation District’s proposed budget of $1.1 billion which continues a comprehensive effort to control rising personnel costs. The budget holds the tax-capped portion of the District’s…
The Civic Federation strongly supports the Chicago Transit Authority’s proposed FY2013 budget of $1.4 billion as a structurally balanced plan based on shared sacrifice by union members, riders and CTA management. The budget implements…
The Civic Federation supports the $410.9 million FY2013 Chicago Park District budget for limiting spending increases and continuing the District’s effort to eliminate its structural deficit by FY2015. By utilizing prudent alternatives to…
