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The Institute’s mission is to improve the state’s decision-making process by providing timely fiscal policy analysis and recommendations to state officials, the media and the public through education and digital outreach.

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The Civic Federation
Read the Civic Federation's full analysis of the City of Chicago's FY2019 proposed budget:
The Civic Federation
The funded ratio for Cook County’s pension fund has decreased from 72.6% in FY2008 to 60.1% in FY2017. The FY2017 l…



Illinois’ contributions to its severely underfunded retirement systems are expected to increase significantly in the upcoming budget year, but the numbers could change due to pension buyout plans that have yet to be implemented.

Proposed State contributions to the five pension funds are...


The Illinois Estate tax is levied on net assets over $4 million of the estates of the deceased. Illinois does not have an inheritance tax, which is levied on assets received by the inheritors of an estate.

Estate tax revenue is forecast to be...

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