08.20.14
Public Act 98-0641, the City of Chicago’s pension reform bill , originally called for an increase in property taxes to help fund the Municipal Employees’ Annuity and Benefit Fund (MEABF) and the Laborers’ and Retirement...
Library
08.14.14
The Civic Federation today released its annual estimate of the full value of real estate in Chicago and the Cook County suburbs. After the rate of decline in estimated property values slowed for the County as a whole in 2011, the rate of decline increased again in 2012. Tax year 2012 is the most...
06.26.14
Last week Cook County Clerk David Orr announced upcoming changes to property tax bills that will allow residential and business taxpayers with...
05.01.14
The Civic Federation joined with the Federal Reserve Bank of Chicago on April 23, 2014 to co-host a conference on ways that municipalities in Illinois can avoid or resolve fiscal stress. Experts, practitioners and academics from around the...
02.20.14
As noted in many media reports and in the Civic Federation’s analysis of the City of Chicago’s FY2014 budget, the City balanced its budget in part with a number of targeted revenue enhancements. One of these revenue enhancements was a reduction in the cap on the partial exemption of the...
02.03.14
This brief provides a compilation of selected consumer taxes, including rates and descriptions, in place in the City of Chicago as of January 10, 2014. It includes such taxes as the sales tax, gas...
01.22.14
Since the Civic Federation’s last blog on changes to taxes imposed on tobacco purchases, Chicago area local governments have increased tobacco tax rates, which will have an impact on Chicago...
01.08.14
Last month the Civic Federation released its annual estimate of the full value of real estate in Chicago and the Cook County suburbs . After four straight years of significant drops in estimated...