Taxes and Fees

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Estimated Full Value of Cook County Real Estate: 2007 Property Tax Assessment by Class for Property Taxes Payable in 2008

This report provides estimates of the total market value of real property in Cook County from 1998-2007 and shows how property value is spread among the City of Chicago, the northern and the southern suburbs. Tax year 2007 was the first…

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City's 2010 budget forecast: Bring umbrella

  In this article about the City of Chicago's predicted FY2010 budget deficit, the Civic Federation is quoted saying that Chicago must look to reduce personnel expenditures, which make up 80% of the City budget.  

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City Faces "Enormous Challenge" in Balancing 2010 Budget

This morning news segment features the Civic Federation's commentary on the City of Chicago's anticipated FY2010 budget shortfall of $520 million. The Federation praised Chicago's aggressive steps to combat this year's financial crisis,…

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City running on fumes

This article discusses the City of Chicago's preliminary budget estimates that show a $520 million shortfall for FY2010. The Civic Federation is quoted saying that there are no obvious sources of revenue to fill the gap that the…

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Report: City Colleges of Chicago has the Right Idea on Taxes

This article profiles the Civic Federation’s support of the City Colleges of Chicago budget. The Federation’s budget analysis praised City Colleges' decision to hold its property tax levy flat for the next two years. This article also…

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Sharpest State Revenue Decline in 46 Years

A new study from the Rockefeller Institute of Government in Albany, New York reports that total state tax collections for the first quarter of 2009…

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Civic Federation Supports City Colleges’ FY2010 Budget

Today the Civic Federation released its analysis of the FY2010 City Colleges Tentative Annual Operating Budget,…

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Prudent City Colleges Budget Prepares for Economic Uncertainty, Holds Property Tax Levy Flat

The Civic Federation will announce its support for the proposed $492.1 million FY2010 City Colleges of Chicago budget at public hearing today. The Federation’s 39-page analysis found that the proposed budget compensates for uncertain State…

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City Colleges of Chicago FY2010 Tentative Budget: Analysis and Recommendations

The Civic Federation supports the $492.1 million City Colleges of Chicago FY2010 budget because it is a prudent spending plan that both holds the District’s property tax levy flat over the next two years and compensates for…

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Finance Committee of the Cook County Board Approves a Partial Sales Tax Rollback

On July 21, 2009 the Finance Committee of the Cook County Board of Commissioners voted to roll back the county’s sales tax rate from 1.75% to 1.25%. If adopted, the amendment would take effect January 1, 2010 and lower the aggregate…