May 7, 2015

Crain's Chicago Business

Crain's Chicago Business
May 7, 2015

This article discusses the FY2016 Recommended Budget Analysis released by the Institute for Illinois’ Fiscal Sustainability at the Civic Federation. The Civic Federation opposed the budget because the analysis found that certain spending reductions are either unrealistic or inconsistent with the State’s long-term financial goals. 

May 7, 2015

Chicago Sun-Times

Chicago Sun-Times
May 7, 2015

This article covers an analysis released on the Governor’s FY2016 Recommended Budget by the Civic Federation’s Institute for Illinois’ Fiscal Sustainability. The analysis found that while the budget closes a $6.2 billion gap on paper, it relies heavily on projected savings that do not appear to be achievable.

May 7, 2015

Reuters

Reuters
May 7, 2015

This article covers the FY2016 Recommended Budget Analysis released by the Civic Federation’s Institute for Illinois’ Fiscal Sustainability on May 7. The analysis found that certain projected savings included in the budget are dependent on changes in State law and are likely unachievable within the timeframe of the fiscal year that begins July 1, 2015.  

May 8, 2015

Chicago Sun-Times Editorial Board

Chicago Sun-Times Editorial Board
May 8, 2015

This editorial followed the Illinois Supreme Court’s ruling against the constitutionality of a 2013 law that would have amended State retirees’ pension benefits to begin reducing the State’s $111 billion in pension debt. The editorial cites Civic Federation recommendations from its FY2016 Recommended Budget Analysis and FY2016 State Budget Roadmap that would generate additional State revenue.

May 8, 2015

National Public Radio

National Public Radio
May 8, 2015

This article reviews the Illinois Supreme Court’s ruling against changes to pension benefits for State retirees and discusses a separate proposal for $2.2 billion in pension savings included in Governor Rauner’s FY2016 proposed budget. It cites the recent FY2016 Recommended Budget Analysis released by the Institute for Illinois’ Fiscal Sustainability at the Civic Federation, which found the proposed budget relies heavily on unrealistic savings.   

May 8, 2015

Bloomberg

Bloomberg
May 8, 2015

This article relates the Illinois Supreme Court’s May 8 pension ruling that upheld benefits for State retirees to similar pension challenges facing the City of Chicago. The Civic Federation said that both the City and Chicago Public Schools now face even greater pressure in addition to their worst-in-the-nation credit ratings.

May 12, 2015

Chicago Tribune

Chicago Tribune
May 12, 2015

This column summarizes the history and present situation of Illinois’ worst-in-the-nation public employee pension funding crisis. It cites the Civic Federation’s recent Pension Primer as a simple visual guide to help understand the basics of public employee pensions in Illinois.

May 12, 2015

Fox Chicago

Fox Chicago
May 12, 2015

This segment reports on recent proposals for a casino in the City of Chicago intended to generate revenue for the City, primarily to pay down unfunded pension liabilities. The Civic Federation said it is unclear how much revenue a new casino could generate, but it is unlikely it would be enough to solve the City’s financial problems.

May 9, 2015

Crain's Chicago Business

Crain's Chicago Business
May 9, 2015

This article looks at the growth of CountyCare, Cook County’s initiative to provide Medicaid coverage for low-income adult patients who are currently uninsured. The Civic Federation said the expansion of CountyCare and the resulting increase in insured patients and revenue has transformed the Cook County Health and Hospital System’s financial position.

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