With governments in Illinois facing steep increases in yearly pension contributions, new plans are being floated to borrow billions of dollars to stabilize ailing pension funds and relieve budgetary pressures. The…
The City of Chicago released its 2017 Comprehensive Annual Financial Report (CAFR) earlier this summer. This blog will examine the City’s Corporate Fund (i.e. General Fund) fund balance as a percent of general operating expenditures based…
The Chicago City Council on July 25, 2018 approved a 2.0% surcharge on shared housing and vacation rentals in the City of Chicago. The 2.0% surcharge is in addition to an existing 4.0% surcharge on vacation rentals or shared housing units…
Illinois Governor Bruce Rauner presented his…
Click here to read this issue brief. This annual brief provides a compilation of selected consumer taxes,…
Illinois Governor Bruce Rauner presented his annual budget address on February 14, 2018, outlining his…
2018 Civic Federation Legislative Priorities The Civic Federation's legislative priorities for 2018 include…
Click here to read the full report. The Civic Federation supports the proposed FY2018 City of Chicago budget of $8.6 billion…
After several iterations and much disagreement, the State of Illinois now has a new statewide school funding formula. The Illinois General Assembly approved the new formula as Senate Bill 1947, House Floor Amendment 5 on August 29, with…
