02.26.20
Click here to read the issue brief.
SUMMARYThis annual report lists...
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01.16.20
On December 19, 2019 the Illinois Supreme Court struck down the City of Chicago’s ordinance imposing a tax on other tobacco products. The Supreme Court sided with the plaintiff that the City’s...
01.10.20
Annually the Civic Federation releases a report on consumer taxes in the City of Chicago. Consumer taxes are tied to the use or consumption of certain goods and services that can be charged directly to consumers through retail transactions or passed onto consumers by businesses or governments....
12.19.19
UPDATE: The Cook County Board passed ordinance 20-0658 , imposing a 3% cannabis retailers’ occupation...
11.13.19
09.19.19
The City of Chicago levies taxes on both hotel operations and occupancy. The City charges a 4.5% hotel accommodations tax and a 6.0% additional home share tax on...
09.06.19
The City of Chicago recently released its Budget Forecast for FY2020 , which provides financial estimates for the City’s fiscal year ending on December 31, 2019 and a forecast for the...
06.26.19
As part of the $45 billion capital bill passed by the Illinois General Assembly in early June 2019, and pending the Governor’s signature, the State’s tax on cigarettes and e-cigarettes will increase starting on July 1....
05.30.19
During Mayor Lori Lightfoot’s first City Council meeting on May 29, 2019, new City Council Rules and Procedures were adopted by the Council. Also introduced was an...
05.17.19
The following blog post discusses how the City of Chicago has used surplus revenue in its tax increment financing (TIF) districts since 2013.
TIF is a powerful...