06.21.18
The Civic Federation’s Annual Civic Awards Luncheon, now in its 36th year, recognizes civic leadership in Chicago. Named for the Federation’s founding members, the Lyman J. Gage Award and the Addams-Palmer Award recognize the outstanding civic contributions of Chicago individuals and...
06.14.18
Illinois Governor Bruce Rauner presented his FY2019 State budget...
06.08.18
After three years of political gridlock and missed deadlines, the Illinois General Assembly passed a budget for the coming fiscal year on the last day of its regular spring...
05.31.18
The Illinois Department of Revenue announced last week that the final equalization factor for the Cook County 2017 property assessment year (taxes payable in 2018) is 2.9627.
The 2017...
05.24.18
05.21.18
The Civic Federation released its annual estimate of the full value of property in Cook County this week . The 2016 estimated value of all Cook County real estate was $559.7 billion. The 2016 estimates represent...
05.11.18
Following major policy changes and calls for increased public disclosure, detailed quarterly information about Cook County bond court orders and outcomes is now available online.
Chief Judge Timothy Evans’ Office began posting the new data on the...
05.04.18
The Civic Federation co-hosted a conference with the Federal Reserve Bank of Chicago on April 17, 2018 entitled, “Navigating Pension Reform: What Lies Ahead?” Experts, practitioners and...
04.27.18
Short-term or current liabilities are financial obligations that must be satisfied within one year. They can include short-term debt, accounts payable, accrued payroll and other current liabilities.
This blog post presents five-year trends for: 1) total short-term liabilities in the...
04.20.18
The Civic Federation has long supported the development of a consensus revenue forecast for the State of Illinois. Public finance experts...
04.12.18
On April 5, 2018 the City Colleges of Chicago Board of Trustees unanimously approved Board Resolution 33420 , which changes the tuition rate from a tier-based rate structure to a hybrid tuition rate structure....
04.06.18
New monthly reports by the Illinois Comptroller’s Office provide the first detailed public information about interest penalties owed on the State’s mountain of overdue bills. As of the end of...
03.30.18
*Note: This blog post was updated on April 13, 2018 with more recent information on the Chicago Public Schools’ short-term borrowing and cash flow position.
Chicago Public Schools (CPS) is heading into the next annual budget cycle for the 2019 fiscal year that begins on July 1, 2018. In...
03.23.18
In a recent post , this blog analyzed the potential impact on State of Illinois revenues from replacing the current flat income tax rate with a graduated income tax. This post extends...
03.15.18
In a previous blog post , the Civic Federation explored the Illinois State Actuary’s findings in its first...
