08.21.20
On August 12, 2020 the Chicago Transit Authority (CTA) approved Ordinance 020-070 amending its FY2020 budget to incorporate $690.1 million of the CARES Act funding it received from the federal government in...
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08.12.20
As state and local governments...
08.06.20
The COVID-19 pandemic has had a devastating impact on state budgets, with tax revenue shortfalls estimated to total about $200 billion for fiscal years 2020 and 2021 compared with initial projections. [1] What actions are states taking to deal with...
07.31.20
In a proposal to stabilize underfunded pensions for Forest Preserve District of Cook County employees and retirees, the Forest Preserves’ Conservation and Policy Council has appealed to the Cook County Board of Commissioners to...
07.23.20
In March Congress passed the $2.2 trillion CARES Act, the third federal coronavirus relief act, which among many ...
07.17.20
On June 26, 2020, Cook County Board President Toni Preckwinkle issued a preliminary budget forecast for fiscal year 2021 , which begins December 1, 2020 and ends November 30, 2021....
07.09.20
City Colleges of Chicago released its tentative FY2021 operating and capital budgets on June 23, 2020. The total budget is proposed to be $441.0 million. This...
07.08.20
Since the federal government provided $139 billion of coronavirus relief funds to states and large cities and counties in April, smaller localities have been waiting to receive...
07.01.20
Starting July 1, 2020, many Illinois cannabis consumers will see an increase in the taxes they pay on recreational cannabis as the Cannabis Retailers’ Occupation Tax that is allowed to be imposed by counties and municipalities goes into effect. This local option sales tax will be in addition to...
06.26.20
Since the Civic Federation published a blog on short-term debt in Illinois on May 22, 2020, there have been two significant updates to...