This editorial discusses an upcoming $550 million increase in the City’s required pension payments and the stance of both mayoral candidates on increasing property taxes leading into the April 7 election. It cited the Civic Federation’s…
This article looks at both mayoral candidates’ proposals for addressing the City of Chicago’s financial challenges, which include severely underfunded pension funds, a high debt level and Chicago Public Schools’ $1 billion deficit. The…
Under Governor Bruce Rauner’s proposed FY2016 budget, one of the largest sources of state funding for local governments in Illinois would be reduced by half. The reduction is part of more than $4 billion in spending cuts and $2.2 billion…
The State of Illinois reduces its operating resources by more than 25% annually to provide individuals and businesses tax benefits through exemptions also known as tax expenditures. In FY2013, the most recent year that…
This article reviews the Institute for Illinois' Fiscal Sustainability at the Civic Federation’s FY2016 State Budget Roadmap, an annual report released prior to the…
This article discusses recommendations made in the FY2016 State Budget Roadmap, an annual report released by the Institute for Illinois' Fiscal Sustainability at the…
In a report released today, the Civic Federation’s Institute for Illinois’ Fiscal Sustainability proposes a comprehensive five-year plan that responds to the dire reality of Illinois’ financial condition with painful, but necessary…
Prior to the release of the Governor’s annual budget recommendation, the Institute for Illinois’ Fiscal Sustainability at the Civic Federation releases an analysis of the State of Illinois’ fiscal condition and proposes a comprehensive…
This article discusses Governor Bruce Rauner’s call for a two-year freeze on the property taxes that fund local governments in Illinois. The Civic Federation warned that many local governments in Illinois are facing severe financial crises…
