Civic Federation: $588M property tax hike won't be enough to shore up finances
This article covers the Civic Federation’s October 14 analysis of the FY2016 City of Chicago budget. The Federation supports a proposed property…
This article covers the Civic Federation’s October 14 analysis of the FY2016 City of Chicago budget. The Federation supports a proposed property…
Cautions that plan is subject to significant uncertainty pending decisions on pension and retiree health care reform In a report released today, the Civic Federation announced its support for the City of Chicago’s proposed FY2016 budget…
The Civic Federation supports the City of Chicago’s proposed $7.8 billion budget and necessary property tax increase as a long overdue action to address the City’s public safety pension funding crisis. The total proposed property tax…
A report released today by the Civic Federation uses nine indicators of financial condition to measure the relative financial trends of Chicago and 12 other major U.S. cities from FY2009 to FY2013. The financial trends for Chicago, New…
Revenue collected by the State of Illinois from the largest two areas of legal gaming in the State, riverboat casinos and lottery, both declined significantly in fiscal year 2015 while the State’s more recently implemented video gaming…
This segment and adjoining article examine the proposed City of Chicago FY2016 budget released September 22, which includes a property tax increase to address the City’s unfunded pension liabilities. The Civic Federation said…
This segment covers Mayor Rahm Emanuel’s FY2016 proposed budget released September 22, which includes a $543 million property tax increase phased in over four years, along with several other new targeted fees and taxes. The Civic…
This segment reviews the property tax increase aimed at addressing Chicago’s underfunded pension systems that was proposed as part of the FY2016 City of Chicago budget released September 22. The Civic Federation said this tax increase…