11.06.20
The City of Chicago expects year-end general operating revenues to be 20.6% below budget by the end of the current 2020 fiscal year, according to the City’s FY2021 budget proposal . As described in a...
Library
05.15.20
This blog post is an update to the Civic Federation’s April 9, 2020 blog post: How COVID-19 is Impacting Chicago’s Criminal Justice System and How Public Safety...
05.08.20
Revenue estimates presented at the April 29, 2020 meeting of the Cook County...
05.04.20
UPDATE : On May 5, Illinois delayed the planned sale of $1.2 billion of...
04.24.20
The coronavirus pandemic has dealt a severe blow to Chicago’s hospitality industry. Conventions have been cancelled, dine-in restaurants have closed, airport traffic has plunged and sporting events have been cancelled. As of early April, the City had experienced the loss of over 20 conventions...
04.17.20
As discussed in a previous blog post , the unprecedented public health emergency brought on by coronavirus has led local governments in Illinois to enact...
04.15.20
The $2.2 trillion economic relief legislation passed by Congress in late March contains significant new funding for States and large local governments. Exactly how the money will be split appears to have caused...
04.13.20
Like most states that levy income taxes, Illinois has followed the federal government in extending the...
04.03.20
States are currently facing monumental fiscal challenges posed by the economic and revenue impacts of the coronavirus pandemic. However, their ability to use fiscal policies to address these challenges is quite limited due to structural and capacity issues. Only the federal government has the...
03.27.20
This blog post presents information about the different types of individual income taxes imposed by state governments in the United States.
In 2020 forty-one states levied individual income taxes. States currently use flat rate or graduated rate models for their individual income tax...