Issues: Local Government Pensions
The Civic Federation believes that public pension systems must be sustainably funded and well-managed. The Federation’s national reputation for expertise in pension funding and reform has been earned through years of in-depth research and analysis of employee retirement systems statewide. Read our analyses, recommendations for reform, and opinions about local public pension systems here.
Forest Preserve District of Cook County FY2016 Executive Budget Recommendation: Analysis and Recommendations
The Civic Federation supports the Forest Preserve District of Cook County’s proposed $190.3 million budget. The proposed plan is reasonable and balanced, does not use fund balance reserves for operations and holds the property tax levy relatively flat at a time when many other local governments have sought large revenue increases.
The Civic Federation supports the Chicago Transit Authority's (CTA) FY2016 operating budget of nearly $1.47 billion. The budget represents a continued effort to actively manage costs and improve service levels. The CTA is continuing to benefit from reforms made in its past four budget cycles. This budget restores some express bus service that was cut in 2010 due to budget constraints, enhances bus service in the central business district and invests in technologies that improve the transit experience, despite resource limitations.
The Civic Federation supports the Chicago Transit Authority’s (CTA) proposed FY2015 budget of nearly $1.4 billion. The budget represents an improved level of fiscal stability made possible by the CTA’s efforts in past years to secure its pension fund and modernize its labor practices. The agency is working under a more sustainable labor agreement, no longer relies heavily on one-time revenue sources and has balanced its budget for the past three years without increasing base fare rates.
The City of Chicago recently released its Annual Financial Analysis for 2015. According to an executive order issued by...
In December 2010 the Illinois General Assembly passed and then Governor Quinn signed legislation (Public Act 96-1495)...
This week the Civic Federation released a set of two primers on public employee pensions in the State of Illinois. The...
Two lawsuits seeking to overturn a pension reform law for the Chicago Municipal and Laborers’ funds have been put...
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