Proposal keeps property tax levy, tuition rates relatively flat despite inadequate funding from State of Illinois In an analysis released today, the Civic Federation announced its support of the City Colleges of Chicago’s proposed FY2017…
This article discusses the tough financial decisions Cook County will have to make in order to address its expected budget deficit. Civic Federation President Laurence Msall explains that Cook County has been grappling with financial…
After a yearlong stalemate, the State of Illinois finally saw a crack in its ongoing budget impasse on the last day of the fiscal year. The General Assembly rushed approval of bills authorizing a full year of preschool through high school…
This article reports on the City of Chicago’s record property tax increase and how it will affect City homeowners this year. Laurence Msall, President of the Civic federation, notes that with Chicago’s historic underfunding of pensions,…
This article reports on a City of Chicago plan to create a property tax rebate to lower the tax burden to City homeowners. Laurence Msall, President of the Civic Federation, says it’s difficult to see how Chicago can afford a property tax…
This segment reports on the Illinois General Assembly overriding Governor Rauner’s veto of pension reforms for the City of Chicago’s police and fire pension funds and on the short and long-term effects of the legislation. Laurence Msall,…
This article reports on the City of Chicago’s recent agreement with the Laborers Pension Fund to save the fund from insolvency through a combination of union concessions and revenue from telephone tax increases. Laurence Msall, President…
This segment discusses the State of Illinois’ almost year-long budget impasse and how the expiration of the 2011 temporary income tax hike in 2015 has affected the State’s finances. Civic Federation President Laurence Msall remarks that…
