10.30.20
The full market value of real estate in Cook County was $609.6 billion in tax assessment year 2018 according to an annual estimate released by the Civic Federation today. The 2018 estimates represent the sixth year in a...
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01.27.20
The Civic Federation recently released its annual Effective Property Tax Rates report . The report highlights that in 2017 property tax burdens for many...
10.18.19
Since the beginning of FY2009, the Cook County Pension Fund has seen an increase in its liabilities not covered by assets, or the unfunded liability, of nearly $3.8 billion. The increase is attributable to a number of factors and has fluctuated over the years.
The following table...
01.23.19
Illinois’ large number of local government units – the largest in the United States at approximately 7,000 according to the U.S. Census Bureau – is often cited as a reason for high property taxes in Illinois and has fueled calls for government consolidation and efficiencies. In February 2015...
01.18.19
The Civic Federation recently released its annual Effective Property Tax Rates report , which examines two- and ten-year trends in estimated effective tax rates for residential, commercial and...
12.28.18
The following are the five most read posts presented by the Civic Federation blog in 2018 in chronological order. The posts examine issues related to property taxes, Chicago Public Schools and jail population data.
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12.19.18
The following are the five most read blog posts presented by the Institute for Illinois’ Fiscal Sustainability in 2018 in chronological order. These posts discuss issues ranging from capital funding to pension obligation bonds.
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11.30.18
As part of the FY2016 budget approval process during fall of 2015, the City of Chicago for the first time imposed a waste removal fee of $9.50 per month on approximately 600,000 residents already receiving waste removal services provided by City of Chicago employees. Chicago residences receiving...
09.07.18
As part of an ongoing series about local governments in Illinois, this blog post will examine the revenues and expenditures of counties located in Illinois and a comparison of...
08.31.18
With governments in Illinois facing steep increases in yearly pension contributions, new plans are being floated to borrow billions of dollars to stabilize ailing pension funds and relieve budgetary pressures.
The...