Chicago Mayor Lori Lightfoot’s proposed budget for the fiscal year starting January 1, 2021 includes a property tax increase of $93.9 million for a total property tax levy of $1.6 billion. This blog post will explore the three component parts of the increase.
The City of Chicago, as a...
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...
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...
With the City of Chicago facing a $1.2 billion budget deficit heading into the next fiscal year and calls from community advocates for more funding for violence prevention and social services, the current situation begs the question of whether cuts can be made in the Police Department budget,...