City of Chicago Mayor Rahm Emanuel’s budgetary plans for the City are the focus of this article. The Civic Federation says that the City’s debt obligations do not allow much budgetary wiggle room in the latest City budget. The Federation also notes that Mayor Emanuel has not yet moved to address the City’s looming pension problems.
This article discusses the Civic Federation’s analysis of DuPage County’s FY2012 budget proposal. The Federation supported the budget plan because of the County’s choice to hold its property tax levy flat and cut spending while maintaining services for residents.
This news segment discusses the Civic Federation’s support for DuPage County’s FY2012 budget proposal. The Federation backed the plan because it maintained services for County residents while holding the property tax flat and cutting spending.
Civic Federation Encourages County to Fully Implement Planning Policies (CHICAGO) The Civic Federation supports the proposed $434.7 million DuPage County budget for FY2012 because it cuts spending for the third year in a row while holding the property tax levy flat. Despite reducing expenditures, the County pledges to maintain core services for residents. The proposed budget does many things…
The Civic Federation supports the DuPage County Proposed FY2012 Financial Plan of $434.7 million. The County is reducing expenditures for the third year in a row while pledging to maintain the existing level of service and keep the property tax levy at the same level as last year. In order to properly plan for the most efficient and effective use of taxpayer resources in this uncertain economic…
Faced with mounting pension costs, the State of Illinois and a number of other states are considering moving away from traditional pension plans. In traditional pension plans, formally called defined benefit (DB) plans, employers are responsible for a specified level of benefits at retirement, typically based on an employee’s earnings, length of service or both. In 401(k)-type plans, formally…
This article discusses the negative effect that revenue declines are having on the fiscal condition of states’ budgets. The Civic Federation says that the State of Illinois will not grow out its way out of fiscal trouble and that it must make more budget cuts.
This article discusses City of Chicago Mayor Rahm Emanuel’s proposed FY2012 budget for the City. The Civic Federation says the proposal is good first step and helps guide the City in a good fiscal direction.
This article is about an advisory report about the State of Illinois debt load, issued by U.S. Senator Mark Kirk, which cites IIFS’ “Cost of the Crisis” report from 2010.
Civic Federation President Laurence Msall is interviewed about the State of Illinois’ fiscal problems.
