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...
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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...
01.09.19
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...
05.31.18
The Illinois Department of Revenue announced last week that the final equalization factor for the Cook County 2017 property assessment year (taxes payable in 2018) is 2.9627.
The 2017...
04.12.18
On April 5, 2018 the City Colleges of Chicago Board of Trustees unanimously approved Board Resolution 33420 , which changes the tuition rate from a tier-based rate structure to a hybrid tuition rate structure....
03.30.18
*Note: This blog post was updated on April 13, 2018 with more recent information on the Chicago Public Schools’ short-term borrowing and cash flow position.
Chicago Public Schools (CPS) is heading into the next annual budget cycle for the 2019 fiscal year that begins on July 1, 2018. In...
03.02.17
Chicago Public Schools (CPS) recently adopted its second amended budget of the 2017 fiscal year in an effort to balance its budget and close a $215.2 million hole before its fiscal year ends on June 30, 2017.
Chicago Public Schools adopted a $5.46 billion operating budget in August 2016...
02.06.17
Click here to read this issue brief. This annual brief provides a compilation of selected consumer...
01.05.17
Annually the Civic Federation releases a report on consumer taxes in the City of Chicago. Consumer taxes are charges for the consumption of goods or services and can be charged directly to consumers through retail transactions or passed onto consumers by businesses. This blog highlights the new...