11.16.17
After stabilizing due to legislative changes, Illinois’ contributions to its severely underfunded retirement systems are expected to resume their climb in the...
11.16.17
After stabilizing due to legislative changes, Illinois’ contributions to its severely underfunded retirement systems are expected to resume their climb in the...
11.15.17
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Across the political spectrum in the United...
11.09.17
The financial condition of Illinois’ pension funds improved slightly due to strong investment returns, but they remained critically underfunded at the end of fiscal year 2017.
The five State-funded retirement systems had total unfunded liability of $129.1 billion as of June 30, 2017,...
11.08.17
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The Civic Federation supports the Forest...
11.08.17
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The Civic Federation supports the...
10.31.17
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With a projected $200 million loss in revenue for fiscal year 2018 due to the recent repeal of the sweetened beverage tax, the Cook County...
10.26.17
Illinois completed the sale of $6 billion in General Obligation bonds on October 25 with a negotiated sale of $4.5 billion following the...
10.20.17
As the City of Chicago and Cook County prepare their budgets for the upcoming 2018 fiscal year, their sales tax estimates show the impact of a provision approved as part of the State of Illinois FY2018 budget that holds back a 2.0% administrative fee on locally imposed sales taxes.
As...
10.13.17
When the Illinois General Assembly overrode Governor Rauner’s veto of the FY2018 budget package in July, it estimated that the enacted budget would have an operating surplus of about $360 million....
10.06.17
Illinois has by far the greatest number of local governments in the nation at 6,963, according to the U.S. Census Bureau’s 2012 Census of Governments. The vast number of local governments in Illinois is often cited as a driving factor for Illinois’ high property tax rate, one of the highest in...