December 10, 2015 - 8:00am - 9:30am

Fairmont Chicago Millennium Park
International Ballroom
200 North Columbus Drive
Chicago, IL, 60601

Thursday, December 10, 2015
Reception begins at 8:00 a.m.
Breakfast at 8:30 a.m.
 

December 10, 2015 - 8:00am - 9:30am

Fairmont Chicago Millennium Park
International Ballroom
200 North Columbus Drive
Chicago, IL, 60601

Thursday, December 10, 2015
Reception begins at 8:00 a.m.
Breakfast at 8:30 a.m.
 

The Motorola Solutions Foundation and the Civic Federation are pleased to announce the 2015 Motorola Solutions Foundation Excellence in Public Service Award honoree Karen Tamley, Commissioner of the Mayor’s Office for People with Disabilities. The Excellence in Public Service Award annually recognizes a non-elected government official who has had an extraordinary impact on the quality of state and local government services in Illinois. The award will be presented on Thursday, December 10, 2015 at the Fairmont Chicago Millennium Park with a coffee reception beginning at 8:00 a.m., followed by breakfast and the award program at 8:30 a.m.

October 14, 2015

Associated Press

Associated Press
October 14, 2015

This article reviews the Civic Federation’s analysis of the FY2016 City of Chicago Budget released October 14 in advance of a City Council hearing on the budget. The analysis supported the budget for addressing the City’s public safety pension funding crisis, but urged the City to consider greater cost savings and efficiencies to minimize the future burden on taxpayers.

October 14, 2015

CBS Chicago

CBS Chicago
October 14, 2015

This segment discusses the Civic Federation’s FY2016 City of Chicago Budget Analysis released on October 14. The analysis supported the budget for addressing the City’s public safety pension funding crisis, but warned that there is no public plan for two significant potential FY2016 expenses: inaction on Senate Bill 777 and a court ruling against the City over the phase-out of its retiree healthcare subsidy.

October 14, 2015

Chicago Sun-Times

Chicago Sun-Times
October 14, 2015

This article covers the Civic Federation’s October 14 analysis of the FY2016 City of Chicago budget. The Federation supports a proposed property tax hike of $544.2 million over four years to address the City’s public safety pension funding crisis, but warns greater sacrifice will be needed due to continued deficit projections for the City of Chicago, liquidity issues and future deficit projections for Chicago Public Schools, and dangerously low funded levels for the City’s non-public safety pension funds.

October 15, 2015 - 11:11am


October 15, 2015

With Illinois operating without a budget for more than three months, concerns have arisen about whether the State is going to run out of money.

The simple answer is no—at least not in the way that running out of money is typically understood.

Despite the lack of a budget since fiscal year 2016 began on July 1, 2015, money is still going into the State’s checking accounts. However, this revenue can only be used if there are budgetary appropriations or other spending authority.


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

October 14, 2015

The Civic Federation supports the City of Chicago’s proposed $7.8 billion budget and necessary property tax increase as a long overdue action to address the City’s public safety pension funding crisis. The total proposed property tax increase of $544.2 million over four years will be dedicated entirely to fund the Police and Fire pension funds. This unprecedented infusion of property taxes is a much-needed step toward stabilizing the City’s two worst-funded pension plans. The FY2016 budget also reduces the City's reliance on "scoop and toss" borrowing. 

October 14, 2015

October 14, 2015

October 14, 2015

Cautions that plan is subject to significant uncertainty pending decisions on pension and retiree health care reform

In a report released today, the Civic Federation announced its support for the City of Chicago’s proposed FY2016 budget of $7.8 billion and applauded long overdue action to address the City’s public safety pension funding crisis. However, the Federation is concerned the property tax increase alone is not enough to stabilize Chicago finances, especially given continued legal uncertainty surrounding pension and retiree health care reforms. The full 111-page analysis is available here.

October 8, 2015 - 2:43pm


October 7, 2015

On September 22, 2015, Mayor Rahm Emanuel released the City of Chicago FY2016 Budget, which includes a nearly $1.3 billion property tax levy, an increase of $427.7 million over the originally adopted FY2015 budget. The property tax levy would be dedicated to the Police and Fire pension funds. In addition, the Mayor has proposed a property tax exemption that would exclude homeowners of homes with a market value of $250,000 or less from the property tax increase.


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

October 7, 2015

Chicago Tribune

Chicago Tribune
October 7, 2015

This piece analyzes the property tax increase and corresponding homeowner exemptions proposed by Chicago Mayor Rahm Emanuel as part of the FY2016 City budget. The Chicago Tribune’s analysis concluded owners of large rental buildings and smaller non-owner occupied rentals could see large tax increases. The Civic Federation is concerned the proposed exemptions will in effect shift the tax burden to some of Chicago’s most economically challenged residents due to increased rental costs.

October 7, 2015

Reuters

Reuters
October 7, 2015

This article covers the release of the Civic Federation’s Financial Indicators report, which measures the financial condition of 13 U.S. cities between FY2009 and FY2013. The findings rank Chicago’s financial performance during that time period as low and suggest the need for Chicago to better align its revenue or spending structure with the demands of both current service needs and long-term debt obligations.

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