Despite its name, a social impact bond (SIB) is not a debt instrument and does not require a government to issue debt. Rather, an SIB is a social impact financing arrangement whereby funds are raised from private sector investors to…
This article discusses the 2015 Cook County Health and Hospitals System’s preliminary budget which is based on a projected increase in CountyCare membership to about 150,000 members from about 100,000 in FY2014. The Civic Federation urged…
In the coming months, the State of Illinois will conduct a revenue volatility study to establish a basis for an adequate rainy day fund balance to protect the State from future economic downturns and other revenue variances. This analysis…
(CHICAGO) The full market value of real estate in Cook County was approximately $414.4 billion in tax assessment year 2012 according to an annual estimate released today by the Civic Federation. The 2012 total value estimate represents a…
This report provides estimates of the total market value of real property in Cook County from 2003-2012 and shows how property value is spread among the City of Chicago, the northern and the southern suburbs.The full market value of…
Despite Illinois’ tight budget for the current fiscal year, the State enacted major Medicaid legislation featuring increased payments…
The Civic Federation is a member of the Governmental Research Association (GRA), which is celebrating its 100th anniversary this year. The GRA is the national organization of individuals professionally engaged in governmental research.…
This week the City of Chicago released its Annual Financial Analysis for 2014. According to an…
This article discuses an upcoming $550 million contribution to the City of Chicago’s police and fire pension funds. The City’s…
