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...
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09.13.19
In the State of Illinois, non-home rule units of government located in counties subject to the Property Tax Extension Limitation Law (PTELL) are limited in the size of their annual property tax extension to 5% or the increase in the Consumer Price Index (CPI), whichever is less. However, the...
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...
09.03.19
The Chicago Public Schools FY2020 Budget is an example of fund-based budgeting. Collected revenues are assigned to different funds intended to support various governmental functions. The...
08.28.19
08.23.19
Cook County’s public health system has sounded an alarm about the increasing cost of services for which it does not receive reimbursement, saying that Cook County Health will not be able to fulfill its mission of providing care to all—regardless...
08.23.19
This year is the third year that Chicago Public Schools (CPS) will receive funding from the State of Illinois through the statewide Evidence-Based Funding formula that was signed into State law in August 2017. The CPS 2020 fiscal year runs from July 1, 2019 through June 30, 2020.
The...
08.15.19
A key Illinois Medicaid panel has recommended that the State move away from costly and often ineffective hospital detoxification services to treat opioid addiction....
08.06.19
In July members of the Governmental Research Association (GRA) gathered in St. Petersburg, Florida for the 116th annual GRA conference.
The GRA is the national organization of individuals professionally engaged in governmental...
08.01.19
In an earlier blog post , the Civic Federation analyzed the FY2020 budget enacted by the General Assembly. At the time, the State had not yet released a summary of appropriated...