This article reports on the amount in tax increases that the City of Chicago will need to stabilize the City’s major government pension plans. Laurence Msall, President of the Civic Federation, says the tax hikes are reasonable and better…
The full market value of real estate in Cook County was approximately $499.1 billion in tax assessment year 2014 according to an annual estimate released today by the Civic Federation. The 2014 total value estimate represents an increase…
This report provides estimates of the total market value of real property in Cook County from 2005-2014 and shows how property value is spread among the City of Chicago, the northern and the southern suburbs. The full market value of…
This article reports on the City of Chicago’s potential plan to save the Municipal Employees Pension fund through raising utility taxes. Civic Federation President Laurence Msall remarks that there are very few, if any, sources of revenue…
This article discusses a plan to provide $20 million in property tax rebates to City of Chicago homeowners. Laurence Msall, President of the Civic Federation, notes that the program is likely to have a very modest impact to Chicago…
Proposal keeps property tax levy, tuition rates relatively flat despite inadequate funding from State of Illinois In an analysis released today, the Civic Federation announced its support of the City Colleges of Chicago’s proposed FY2017…
This article discusses the tough financial decisions Cook County will have to make in order to address its expected budget deficit. Civic Federation President Laurence Msall explains that Cook County has been grappling with financial…
After a yearlong stalemate, the State of Illinois finally saw a crack in its ongoing budget impasse on the last day of the fiscal year. The General Assembly rushed approval of bills authorizing a full year of preschool through high school…
