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...
09.17.15
The following opinion piece by Civic Federation President Laurence Msall was published by the Chicago Tribune on September 17, 2015.
On...
09.17.15
On September 9, 2015, the Cook County Board of Commissioners approved the preliminary budget of the County’s public health system for the...
09.03.15
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...
08.25.15
The Civic Federation opposes the Chicago Public Schools proposed $5.7 billion FY2016 budget because it is not balanced and does not provide a sustainable path out of the District’s current...
08.20.15
Even without an annual operating budget , the State of Illinois has already spent billions of dollars for the fiscal year that began on July 1, 2015. What remains unclear is how much the State is...
08.12.15
Although the State of Illinois in entering the second month of its new fiscal year without an operating budget, the Governor and General Assembly have agreed on a capital construction budget for fiscal year 2016.
Governor Bruce Rauner issued several line item vetoes to the...
07.17.15
On July 15, 2015, the Cook County Board of Commissioners voted 9-7 to once again increase the county sales tax by one percentage point, taking effect on January 1, 2016. Once in place for one full year, Board President Toni Preckwinkle’s office projects that the tax hike will generate nearly $...
07.10.15
The State of Illinois’ new fiscal year began on July 1, 2015 without an annual budget and with no clear end in sight to the impasse between Governor Bruce Rauner and the General Assembly.
On July 9, the legislature was...
07.08.15
The Civic Federation supports the City Colleges tentative FY2016 budget totaling $695.6 million because it continues to minimize the financial burden placed on taxpayers by avoiding a property tax...
