Data from the most recent audited financial statements of Illinois’ state and local government pension funds shows that the total unfunded liabilities for pensions supported by the taxes of Chicago residents reached $10,037 per capita for…
One of the Civic Federation’s ongoing concerns has been transparency in the use of Tax Increment Financing (TIF) by the City of Chicago and State of Illinois. Although the Civic Federation supports the use of TIF as municipal economic…
This week the Civic Federation released its annual Effective Property Tax Rates report. The report…
CHICAGO – Many communities across northeastern Illinois experienced a slight increase in their property tax burden in 2007 as effective tax rates rose, according to an estimate released today by the Civic Federation. Chicago…
This report compares effective property tax rates in selected communities around metropolitan Chicago and finds that many communities experienced a slight increase in their property tax burden in 2007. However, Chicago continues to have…
Laurence Msall, President of the Civic Federation, is interviewed for this segment of the City Room news program about the Federation’s fiscal analysis of the Chicago 2016 Olympic Bid. He points out that taxpayers face the greatest risk if…
Did you ever wonder how your property tax dollars are spent by the City of Chicago? How many people work for the Department of Streets and Sanitation? How much those employees are paid? What kinds of taxes and fees the City levies and how…
Starting today, increases in the taxation rates on soft drinks, personal grooming and hygiene products, and candy will take effect to help pay for…
CHICAGO -- Citing reasonable measures taken by Chicago Public Schools to balance its $6.9 billion budget, the Civic Federation announced its support of the District’s FY2010 spending plan today. The District has cut personnel and proposed…
The Civic Federation supports the $6.9 billion Chicago Public Schools FY2010 proposed budget. The District employed reasonable measures to balance its budget in light of a $473 million deficit, including cuts to personnel and a proposed…
