In order to pay income tax refunds owed to taxpayers, the State of Illinois sets aside a percentage of income tax receipts received throughout the year and deposits them into a special fund. Different percentages apply to individuals and…
(CHICAGO) The Civic Federation will announce its support for the proposed $3.0 billion FY2011 Cook County budget at a public hearing today. The plan cuts expenditures and employee headcount while committing to a full repeal of the sales…
The Civic Federation supports Cook County’s $3.0 billion FY2011 Executive Budget Recommendation as it reflects a significant effort to reduce expenditures. The new County administration also appears to be on a path toward significant…
The new Mayor of the City of Chicago faces three major fiscal challenges that will require the immediate attention of the new administration, according to a new report released today by the Civic Federation. The daunting difficulties…
The following opinion piece by Civic Federation President Laurence Msall appeared in the…
This news segment explores the effect that the proposed increase in State of Illinois income taxes may have on individuals and businesses. Civic Federation President Laurence Msall says the State’s plans will not make a dent in its deficit…
This article discusses efforts by legislators in Springfield to garner support for an increase in the State of Illinois’ income taxes. The Civic Federation says that if the State does not make major budget cuts between now and FY2015 when…
Civic Federation President Laurence Msall was a guest on Milt Rosenberg’s “Extension 720” program with the Better Government Association’s Andy Shaw. Mr. Msall discussed the City of Chicago’s finances and other topics.
This editorial discusses the effect that an increase to the State of Illinois’ taxes may have on businesses. The Civic Federation says that if the State goes through its plan to borrow money to pay into its pension systems and pay off…
In this news segment about the State of Illinois’ plans to raise revenue through a tax increase, Civic Federation President Laurence Msall says that raising taxes without making budget cuts does not fix the State’s fiscal problems. Mr.…
