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Taxes and Fees

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School Districts and Property Taxes in Illinois

Illinois has by far the greatest number of local governments in the nation at 6,963, according to the U.S. Census Bureau’s 2012 Census of Governments. The vast number of local governments in Illinois is often cited as a driving factor for…

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New State Law Increases Cook County Property Tax Homestead Exemptions

Illinois Public Act 100-0401, signed into law on August 25, 2017, will increase the value of the Senior Citizens and General…

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Estimated Full Value of Real Estate in Cook County Higher but not to Pre-Recession Levels

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Estimated Full Value of Real Estate in Cook County Increases For Third Year in a Row

(CHICAGO) The full market value of real estate in Cook County was approximately $528.8 billion in tax assessment year 2015[1] according to an annual estimate released today by the Civic Federation…

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What the New Illinois School Funding Formula Means for Chicago Public Schools

After several iterations and much disagreement, the State of Illinois now has a new statewide school funding formula. The Illinois General Assembly approved the new formula as Senate Bill 1947, House Floor Amendment 5 on August 29, with…

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Civic Federation Supports City Colleges’ FY2018 Budget

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City Colleges of Chicago FY2018 Tentative Budget: Analysis and Recommendations

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Illinois Issues: The Experts' Take On The Budget

In this segment, Civic Federation President Laurence Msall discusses key aspects of the State of Illinois’ FY2018 budget and the challenges the State still faces. He says the most important aspect of Illinois having a budget is that it…

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Illinois Legislature Approves Measure Allowing Chicago and Other Local Governments to Increase 911 Communications Surcharge

On July 1, 2017, both chambers of the Illinois General Assembly voted to override the Governor’s veto of…

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Illinois Ends Two-Year Budget Standoff

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