April 22, 2015

The Chicago Tribune

The Chicago Tribune
April 22, 2015

This article examines the options available to Chicago Public Schools as it faces a $1 billion budget shortfall next year with little to no reserve funds. As discussed in the article, the Civic Federation does not support allowing municipalities direct access to bankruptcy. Instead, the Civic Federation’s Pension Committee has proposed the creation of a Local Government Protection Authority, an intervening mechanism that could advise financially distressed local governments and ensure all other options have been exhausted before bankruptcy is considered.

June 18, 2015 - 11:30am - 1:30pm

POSTPONED

The Civic Federation's 2015 Civic Awards Luncheon originally scheduled for Thursday, June 18 at the Palmer House Hilton has been postponed due to the timing and route of the Chicago Blackhawks Parade. We will be selecting a new date later this summer or early fall and will be in touch with further information. Please call the Civic Federation at (312) 201-9066 with any questions.


 

The Palmer House Hilton
17 East Monroe Street
Chicago, IL

11:30 a.m. Reception
12:00 p.m. Lunch and Program
1:30 p.m. Adjourn

June 18, 2015 - 11:30am - 1:30pm

POSTPONED

The Civic Federation's 2015 Civic Awards Luncheon originally scheduled for Thursday, June 18 at the Palmer House Hilton has been postponed due to the timing and route of the Chicago Blackhawks Parade. We will be selecting a new date later this summer or early fall and will be in touch with further information. Please call the Civic Federation at (312) 201-9066 with any questions.


 

The Palmer House Hilton
17 East Monroe Street
Chicago, IL

11:30 a.m. Reception
12:00 p.m. Lunch and Program
1:30 p.m. Adjourn

Co-chairs Lester Crown, Andrew J. McKenna, Michael J. Sacks and the entire Board of Directors of the Civic Federation are pleased to honor Tyrone C. Fahner, President of the Civic Committee of The Commercial Club of Chicago and former Illinois Attorney General, with the Lyman J. Gage Award for Outstanding Civic Contribution by an Individual and The Boeing Company with the Addams-Palmer Award for Exemplary Civic Involvement by a Corporation.

For table prices and to R.S.V.P. for the luncheon, please visit PJH & Associates or call Kara Shively at (312) 553-2000.

April 16, 2015 - 4:12pm


April 16, 2015

The Civic Federation joined with the Federal Reserve Bank of Chicago on April 2, 2015 to co-host a conference on the use, efficacy and future of sin taxes. Experts, practitioners and academics from around the country gathered to discuss the theories surrounding governments’ use of sin taxes as well as national trends and issues specific to tobacco, marijuana and gaming revenue. Attendees to the conference included civic and business leaders and government officials. To download participants’ presentations, click here.


We welcome any questions and feedback about the content of this blog. Please e-mail [email protected] with your query.

April 22, 2015

The Civic Federation has developed a set of two primers on public employee pensions in Illinois as a concise and accessible presentation of the most important data on the state's pension funding crisis. The primary document, A Plain English Guide to Public Employee Pensions in the State of Illinois, answers ten basic questions about Illinois pensions including: 

April 22, 2015

April 16, 2015 - 9:33am


April 16, 2015

Rhode Island recently reached a potential settlement agreement with most employee and retiree groups involved in litigation against its 2011 landmark pension reforms. The details of the agreement became available on April 13, 2015 through a court filing that was one of several steps necessary for the settlement to be finalized. The settlement averts a trial that had been scheduled to start later this month.


We welcome any questions and feedback about the content of this blog. Please e-mail [email protected] with your query.

April 9, 2015

Pensions and Investment

Pensions and Investment
April 9, 2015

This article discusses a warning by credit rating agency S&P that the City of Chicago could face further credit rating downgrades this year without the enactment of substantial pension reform legislation. The Civic Federation is cited on the steep projected increase in 2015 for the City's required contribution to its Police and Fire Pension Funds. 

April 8, 2015

New York Times

New York Times
April 8, 2015

This article discusses Chicago Mayor Rahm Emanuel's re-election to a second term by a runoff election on April 7. The Civic Federation said the a top priority for the Mayor should be working with the Illinois General Assembly and Illinois Governor to enact pension reforms for the Chicago Teachers Pension Fund and the City of Chicago's Police and Fire Pension Funds. 

April 10, 2015 - 11:03am


April 10, 2015

A week after passing legislation to address a $1.6 billion budget deficit before the end of the fiscal year in June, the State swept $300 million into its operating accounts from funds designated to pay for annual transportation construction projects. An additional $200 million sweep of sales tax funds collected by the State to be distributed to local governments has yet to be transferred over to the State’s General Funds.


We welcome any questions and feedback about the content of this blog. Please e-mail [email protected] with your query.

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