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City of Chicago

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Increases and Changes to Consumer Taxes in Chicago for 2020

Annually the Civic Federation 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…

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How Will Illinois Tax Recreational Cannabis?

UPDATE: The Cook County Board passed ordinance 20…

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City of Chicago FY2020 Proposed Budget: Analysis and Recommendations

Click here to read the full report.Click here to…

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How do Chicago’s Hotel and Home Share Taxes Compare to Other Cities?

The City of Chicago levies taxes on both hotel operations and occupancy. The City charges a 4.5% hotel accommodations tax and a 6.0% additional…

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City of Chicago Projected Budget Deficit Increases to $838.2 Million

The City of Chicago recently released its Budget Forecast for FY2020, which provides financial estimates for the City’s fiscal…

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Illinois Tax Increase on Cigarettes and E-Cigarettes Scheduled to Go Into Effect July 1

As part of the $45 billion capital bill passed by the Illinois General Assembly in early June 2019, and pending the Governor’s signature, the State’s tax on…

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Mayor Lightfoot and City Council Move Up the Implementation of Livestreaming Committee Meetings

During Mayor Lori Lightfoot’s first City Council meeting on May 29, 2019, new City Council Rules and Procedures were adopted by the Council.…

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How the City of Chicago Uses Tax Increment Financing Surplus

The following blog post discusses how the City of Chicago has used surplus revenue in its tax increment financing (TIF) districts since 2013.…

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Chicago City Council Approves Livestreaming Committee Meetings

On March 13, 2019 the Chicago City Council voted to approve Substitute…

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Financial Challenges for the Next Chicago Mayor and City Council

Click here to read the full report.…