The purpose of this report is to provide the City of Chicago’s Mayor and City Council with detailed recommendations on ways to address the City’s serious financial challenges.
Click here to read the complete report
230 South LaSalle Street 3rd Floor – Illinois Room
Chicago, IL 60604 (312) 322-5322
The Federal Reserve Bank of Chicago serves the Seventh Federal Reserve District, an economically diverse region that includes all of Iowa and most of Illinois, Indiana, Michigan and Wisconsin. The Seventh District has a large national share of many important economic sectors.
Q: Why has the Civic Federation produced the report?
A: In recent years the Civic Federation has become increasingly troubled by the conditions of the City of Chicago’s finances. Several years of short-term fixes have created fiscal challenges. With the new administration of City of Chicago Mayor Rahm Emanuel – the first new mayor in over 20 years – as well as 18 new aldermen, there exists an opportunity to institute reforms and put the City of Chicago on the path to fiscal sustainability.
Q: What is the goal of the report?
The Cook County property tax system is very complex and difficult to understand. To help educate the public about the tax process and hold elected officials accountable, the Civic Federation has prepared a series of primers about the various processes and associated governmental bodies that manage the Cook County property tax system. Also located on this page is a link to all Civic Federation research about property taxes, including blog posts and budget analyses.
An Analysis of the State’s Fiscal Crisis and Actionable Recommendations for Governor Pat Quinn and the Illinois General Assembly
The Fiscal Rehabilitation Plan for the State of Illinois describes the basis of Illinois’ current fiscal crisis and presents the Civic Federation’s plan to salvage the State’s finances. This plan calls for a comprehensive package of budget cuts, pension reforms, and revenue increases to put Illinois on solid financial footing and address its nationally-recognized fiscal crisis.
Beyond Parking Meters:
The Future of Public-Private Partnerships in Illinois
Co-Hosted by the Federal Reserve Bank of Chicago and the Civic Federation
Wednesday, March 14, 2012
8:00 a.m. to 1:00 p.m.
Federal Reserve Bank of Chicago
230 South LaSalle Street
With over 2.8 million residents, the City of Chicago is the largest city in Illinois and the third most-populous city in the nation. The city is 234 square miles in size and is the county seat of Cook County. The City of Chicago is responsible for many of the day-to-day services that residents and visitors depend upon such as public safety and sanitation, road construction and repairs, public housing, cultural opportunities and restaurant inspections, among many others.
On June 25 at the Fairmont Millennium Park, Co-Chairs Lester Crown, Anne Dias Griffin, Andrew J. McKenna, Michael J. Sacks and the entire Board of Directors of the Civic Federation were pleased to honor Ann Lurie with the Lyman J. Gage Award for Outstanding Civic Contribution by a Chicagoan and Northern Trust with the Addams-Palmer Award for Exemplary Civic Involvement by a Chicago Institution. The luncheon was attended by more than 500 of Chicago's and Illinois' business, civic and government leaders.
The press room houses Civic Federation press releases and recent news clips, as well as quick facts and figures about our organization and the governments we analyze. You can also sign up for our RSS feeds to stay informed about all of the Civic Federation’s non-partisan research, information and action.