11.19.21
Illinois enacted a $48.7 billion multi-year FY2022 capital budget in June 2021. Unlike the State’s annual General Funds budget, which is intended to cover only the cost of operations for the current fiscal year, capital appropriations are reauthorized over multiple years as planning, engineering...
11.11.21
The Lincoln Institute of Land Policy (Lincoln Institute) released last week an evaluation of common property tax relief programs used across the United States. The report also makes...
11.10.21
10.29.21
Short-term or current liabilities are financial obligations that must be satisfied within one year. These include short-term notes, accounts payable, amounts due to other funds, accrued payroll and other current liabilities.
Rating agencies, financial analysts and the Civic Federation...
10.22.21
Over the summer, Illinois Governor JB Pritzker signed into law Public Act 102-0263 , which makes changes to the funding schedule for the Chicago Park District’s pension fund, allows for pension obligation bonds and...
10.15.21
The Civic Federation released its annual analysis of the City of Chicago’s proposed budget this week. Included in the report was a section dedicated to the budgetary impact of the City’s four pension funds and evaluating...
10.14.21
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10.14.21
10.08.21
The City of Chicago has released a FY2021-FY2025 Capital Improvement Program (CIP). [1] The purpose of a CIP is to establish priorities that balance capital needs with available resources, pair capital projects with funding sources, help ensure...
10.01.21
In her FY2022 budget address , Mayor Lori Lightfoot highlighted the public and private economic development investments that have been made through the INVEST...
