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Civic Federation Report Details Key Fiscal Challenges and Path Forward for City of Chicago in FY2025

The Civic Federation today released a report framing stark financial realities and opportunities City of Chicago officials must navigate as they work to build and approve the City’s FY2025 budget this fall. Estimates place the government…

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Civic Federation Report Details Key Fiscal Challenges and Path Forward for City of Chicago in FY2025

The City of Chicago is contending with two merging fiscal challenges: FY2025 budget planning to address a projected $982.4 million deficit, and simultaneously scrambling to meet a $222.9 million deficit still remaining in FY2024. In a new…

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City of Chicago FY2025 Roadmap: Key Financial Challenges, Options and Recommendations

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

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Estimated Effective Property Tax Rates 2013-2022

Click here to read the full report.…

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A Refresher on Chicago’s Revenue Options

Eight months after its formation, the Chicago City Council Finance Committee’s Subcommittee on Revenue held its first…

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Civic Federation Urges Linking Transit Governance Reform With Funding, Calls for Consolidation of Transit Services in Northeastern Illinois

The Civic Federation today released a position paper calling on the Illinois General Assembly to pursue foundational structural reform of Northeastern Illinois’ mass transit systems—…

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Civic Federation Urges Linking Transit Governance Reform With Funding, Calls for Consolidation of Transit Services in Northeastern Illinois

With Northeastern Illinois’ transit agencies facing an estimated $730 million fiscal cliff in FY2026, the Civic Federation calls on the Illinois General Assembly to consolidate the Regional Transportation Authority, Chicago Transit…

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Reforming Mass Transit Governance in the Chicago Region

Click here to read the full report.…

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Report: Consumer Taxes in Chicago as of Jan. 1, 2024

Click here to read the full report. INTRODUCTIONThis annual report lists and describes selected consumer taxes within the City…

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Civic Federation Releases 2024 Report on Consumer Taxes in Chicago

The Civic Federation today released Consumer Taxes in Chicago: A Compilation of Selected Taxes in Place in the City of Chicago as of January 1, 2024. This annual report lists and describes selected consumer taxes within the City of Chicago…