Analysis of Proposed FY2014 Chicago Public Schools Budget
Release: August 27, 2013
Despite an increase in spending, Chicago Public Schools is proposing to eliminate 1,520 instruction positions and draw down reserves to dangerous levels in its FY2014 proposed budget. This is, partly, because CPS has underfunded the Chicago Teachers' Pension Fund and there has been a decline in state funding to CPS. CTBA's Analysis of the FY2014 Chicago Public Schools Budget Proposal illustrates the challenges CPS faces today.
Politics Over Policy: Swift 'Reform', Questionable Savings, Delayed Consequences
Release: January 25, 2011
Information on Public Act 96-1495, which created a second, reduced pension benefit tier for Illinois' public retirement systems
The Illinois Pension Funding Problem: Why It Matters
Release: November 20, 2006
An analysis of the five Illinois retirement systems finds that the state's worst-in-the-nation unfunded pension liability has grown by more than $7 billion in just the last two years.