CHICAGO - The Civic Federation of Chicago, a local, business-funded government watchdog group, is launching a new institute with a multi-year grant from the John D. and Catherine T. MacArthur Foundation aimed at highlighting Illinois' fiscal health and influencing policy decisions.

The MacArthur Foundation notified the federation - a nonpartisan, nonprofit organization that follows the state and local governments - of the grant award last week after discussions over its proposal to create the Institute for Illinois' Fiscal Sustainability to promote tax policy and fiscal reform.

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