Financial Indicators

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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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Illinois Casinos Generate $1.5 Billion in Revenue Over the Past Year

New data from the Illinois Gaming Board show that casino revenue gross receipts have continued their recent trend of annual growth, thereby increasing tax allocations to…

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Cook County Long-Term Liabilities Fell by $1.9 Billion from FY2018 to FY2022

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

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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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Funding Status of the Chicago Teachers’ Pension Fund

This blog post examines the Chicago Public Schools’ contributions to the Chicago Teachers’ Pension Fund in the FY2023 budget and the funding status of the Pension Fund based…

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Cook County Forecasts Operating Surplus for Year-End FY2022 and Small Deficit Heading into FY2023

On June 23, 2022, Cook County Board President Toni Preckwinkle issued a preliminary budget forecast for fiscal year 2023. The fiscal year begins December 1, 2022 and ends November 30, 2023. The report provides end-of-year estimates for the…

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Cook County Short-Term Liability Trends: FY2016-FY2020

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City of Chicago FY2022 Proposed Budget: Pension Funds

The Civic Federation released its annual analysis of the City of Chicago’s proposed budget this week. Included in the report was a section dedicated to the budgetary…

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State of Illinois Received First Credit Upgrades in Two Decades

The State of Illinois received some good fiscal news this summer: two rating agencies upgraded the State’s credit ratings and a third revised its outlook to positive. The credit upgrades were the first in in two decades, reversing years of…

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The Final 2019 Cook County Equalization Factor is 2.9160

The Illinois Department of Revenue recently announced that the final equalization factor for the Cook County 2019 property assessment year (…