10.15.15
With Illinois operating without a budget for more than three months, concerns have arisen about whether the State is going to run out of money .
The simple answer is no—at...
Library
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...
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
09.25.15
Revenue collected by the State of Illinois from the largest two areas of legal gaming in the State, riverboat casinos and lottery, both declined significantly in fiscal year 2015 while the State’s more recently implemented video gaming continued to grow. However, unlike previous years the gains...
09.17.15
On September 9, 2015, the Cook County Board of Commissioners approved the preliminary budget of the County’s public health system for the...
09.17.15
The following opinion piece by Civic Federation President Laurence Msall was published by the Chicago Tribune on September 17, 2015.
On...
09.09.15
The Illinois Department of Revenue announced earlier this summer that the final equalization factor for the Cook County 2014 property assessment year (taxes payable in 2015) is 2.7253.
The 2014 final...
09.03.15
The State of Illinois is often cited for its unique financial challenges. However, at least in one respect, Illinois does not stand alone in its financial difficulties.
Illinois is one of four states that began the fiscal year without an enacted budget and is one of three still...
08.27.15
The Illinois Supreme Court has agreed to an expedited hearing on the constitutionality of reforms to the City of Chicago’s Municipal and Laborers’ Pension Funds with oral arguments now scheduled for November. The City faces uncertainty to preserve these reforms.
On June 9, 2014, former...