10.14.15
The Civic Federation supports the City of Chicago’s proposed $7.8 billion budget and necessary property tax increase as a long overdue action to address the City’s public safety...
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10.07.15
On September 22, 2015, Mayor Rahm Emanuel released the City of Chicago FY2016 Budget, which includes a nearly $1.3 billion property tax levy, an increase of $427.7 million over the originally adopted FY2015 budget. The property tax levy would be dedicated to the Police and Fire pension funds. In...
10.07.15
09.17.15
The following opinion piece by Civic Federation President Laurence Msall was published by the Chicago Tribune on September 17, 2015.
On...
08.06.15
The City of Chicago recently released its Annual Financial Analysis for 2015 . According to an executive order ...
07.28.15
UPDATE: On September 9, 2015, a lawsuit challenging the streaming services was filed on behalf of seven plaintiffs against the City of Chicago. The plaintiffs argue that because they subscribe to various streaming services, such as Netflix, Hulu and Spotify, they “...
06.18.15
On June 17, 2015 the Chicago City Council approved the largest borrowing of Mayor Rahm Emanuel’s tenure, totaling $1.1 billion. The issuance pays for the current costs of refinancing the City of Chicago’s variable rate debt, ending its outstanding swaps, extending the life of other...
06.10.15
This annual brief provides a compilation of selected consumer taxes, including rates and descriptions, in place in the City of Chicago as of January 1, 2015. It includes such taxes as the sales...
06.05.15
In December 2010 the Illinois General Assembly passed and then Governor Quinn signed legislation (Public Act 96-1495) that created a new tier of pension benefits for public safety employees in Illinois hired on...
05.29.15
UPDATE: Subsequent to the publication of this blog, House Bill 777 was amended to include provisions of the...