01.21.22
01.13.22
In less than a year from this writing, money will no longer be a factor in pretrial release decisions pertaining to defendants accused of committing crimes in Illinois. The elimination of cash bail was one of the major reforms in a...
01.03.22
The following are summaries of the five most-read posts presented on the Civic Federation’s blog in 2021, listed here in chronological order. The posts examine issues related to taxes, pensions and public safety.
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12.30.21
The Civic Federation annually releases a report on consumer taxes in the City of Chicago. Consumer taxes are tied to the use or consumption of certain goods and services that can be charged directly to consumers through retail transactions or passed on to consumers by businesses or governments....
12.16.21
The Chicago City Council approved the City’s annual budget for FY2022 (which aligns with the 2022 calendar year) on October 27. The Civic Federation supported the City’s FY2022 budget totaling $10.6 billion in an...
12.10.21
On November 9, 2021, the Governor’s Office of Management and Budget (GOMB) released the Illinois Economic and Fiscal Policy Report. The report includes a comparison of the FY2022 enacted budget with the current outlook for FY2022 and a five-year budgetary forecast.
The FY2022 Enacted...
12.03.21
In an analysis of Cook County’s FY2022 budget proposal released in November, the Civic Federation supported the Cook County budget proposal of $8.0 billion. This blog post takes a closer look at public safety spending in the County’s...
11.24.21
On Thursday, December 9, the Civic Federation will honor Illinois Department of Human Services (IDHS) Secretary Grace B. Hou with the 30th Annual Motorola Solutions Foundation Excellence in Public Service Award.
The award, presented and administered by the Federation, annually honors a...
11.19.21
Illinois enacted a $48.7 billion multi-year FY2022 capital budget in June 2021. Unlike the State’s annual General Funds budget, which is intended to cover only the cost of operations for the current fiscal year, capital appropriations are reauthorized over multiple years as planning, engineering...
11.11.21
The Lincoln Institute of Land Policy (Lincoln Institute) released last week an evaluation of common property tax relief programs used across the United States. The report also makes...
10.29.21
Short-term or current liabilities are financial obligations that must be satisfied within one year. These include short-term notes, accounts payable, amounts due to other funds, accrued payroll and other current liabilities.
Rating agencies, financial analysts and the Civic Federation...
10.22.21
Over the summer, Illinois Governor JB Pritzker signed into law Public Act 102-0263 , which makes changes to the funding schedule for the Chicago Park District’s pension fund, allows for pension obligation bonds and...
10.15.21
The Civic Federation released its annual analysis of the City of Chicago’s proposed budget this week. Included in the report was a section dedicated to the budgetary impact of the City’s four pension funds and evaluating...
10.08.21
The City of Chicago has released a FY2021-FY2025 Capital Improvement Program (CIP). [1] The purpose of a CIP is to establish priorities that balance capital needs with available resources, pair capital projects with funding sources, help ensure...
10.01.21
In her FY2022 budget address , Mayor Lori Lightfoot highlighted the public and private economic development investments that have been made through the INVEST...
