This report provides a trend analysis of indicators that measure the financial health and performance of ten major local government pension funds from 1997 to 2006. It finds a combined 18.3 billion dollars in unfunded liabilities for the…
Citing a combination of exemplary long-range planning and restraint in its property tax levy, the Civic Federation announced its support for the Metropolitan Water Reclamation District’s tentative FY2008 budget of $1.4 billion. The…
The Civic Federation supports the MWRD's FY2008 Budget because it minimizes the burden on taxpayers and demonstrates sound financial planning techniques. The Civic Federation is concerned about the declining funded ratio of the MWRD…
The Civic Federation supports the work of the Cook County Bureau of Health Services Review Committee and the Task Force on Independent Governance of the Cook County Bureau of Health on establishing an independent governing board for the…
The Civic Federation supported the Chicago Park District's FY2008 Budget because the District did not raise its property tax levy this year, and has continued to hold down operating costs through a combination of careful management…
CIVIC FEDERATION APPLAUDS PARK DISTRICT’S TAXING RESTRAINT Supports Rare “Good News” Budget for Overburdened Chicago Taxpayers In a year when far too many governments in the Chicago region have proposed huge tax increases, the Chicago…
The Civic Federation supports DuPage County's proposed FY2008 $420.4 million budget, which includes a 12.1% or $60.1 million decrease in spending over the previous year and calls for the elimination of 10% of the workforce or 241 full-time…
DuPage County faces serious fiscal challenges that have left it with no responsible choice but to make deep spending cuts next year, the Civic Federation found in its analysis of the $480.5 million recommended county budget. The full…
The Civic Federation supports Tax Increment Financing as an economic development tool but recommends that there be much greater transparency in the quantity and quality of TIF information provided to the public. The Federation recommends…
This report explains the impact of TIF on taxpayers and local governments in Illinois. It also reviews the TIF designation process, recent empirical research on TIF, and provides detailed information on selected City of Chicago TIF…
