This article discusses the City of Chicago’s announcement that it will delay the sale of $800 million in general obligation bonds. The Civic Federation says the City faces major fiscal challenges and that its FY2011 proposed budget does…
This article discusses Chicago Parking Meters LLC’s announcement that it will sell $600 million in bonds amid news that the City of Chicago’s finances are in a precarious condition. The article mentions that the Civic Federation opposed…
After experiencing several years of poor market conditions, three of the five Illinois State employee retirement funds have reduced their expected rate of return on investments. This rate, also known as the discount rate, is used to…
As explained in its recent analysis of the State of Illinois FY2011 proposed budget, the Civic Federation opposes the practice of supplying money to the State…
Today the Civic Federation released its analysis of the City of Chicago’s proposed FY2011 budget of nearly $6.…
The Civic Federation opposes the proposed FY2011 City of Chicago budget of nearly $6.2 billion because it does not effectively address the structural deficit and relies too heavily on asset lease reserve funds and debt restructuring to…
The Civic Federation announced today that it opposes the $6.2 billion FY2011 City of Chicago budget because it does not do enough to address the City’s structural deficit. Instead it relies upon long-term asset lease funds and other non-…
An issue in this year’s election campaign for Illinois Governor has concerned the State’s budgetary trends since FY2009. Different conclusions can be reached depending on which numbers are included in the analysis. Counting pension…
In this blog post, Greg Hinz examines some of the recommendations in the Civic Federation’s Cook County Modernization Report.
On this segment of the City Room news program, Civic Federation President Laurence Msall says the next Cook County Board President should roll back the Cook County sales tax increase of 2008, a recommendation found in the Federation’s…
