Click here to read this issue brief. This annual brief provides a compilation of selected consumer taxes, including rates and descriptions, in place in the City of Chicago as of July 1, 2017. The taxes in this report are grouped under the following categories: sales taxes, tobacco-related taxes, beverage-related taxes, utility-related taxes, accommodations-related taxes,…
In this segment, Civic Federation President Laurence Msall joined a Chicago Tonight panel to discuss Governor Rauner’s recent State of the State address and Illinois’ continued fiscal issues.
Each year the Civic Federation releases an Estimated Effective Property Tax Rates report for 28 selected municipalities in northeastern Illinois. The most recent report looked at effective tax rates through tax year 2014 (for taxes paid in 2015), which was the most recent complete data available. This blog post shows how to calculate your municipality’s 2014 effective tax rate. How do I…
Annually the Civic Federation releases a report on consumer taxes in the City of Chicago. Consumer taxes are charges for the consumption of goods or services and can be charged directly to consumers through retail transactions or passed onto consumers by businesses. This blog highlights the new consumer taxes that have been approved in the past year which go into effect in 2017, as well as…
This article covers the recent release of an annual Civic Federation report that examines effective property tax rates for selected municipalities in northeastern Illinois. The report found that Chicago had the lowest effective tax rate for residential property among 12 selected Cook County communities in tax year 2014, the latest year for which data are available. Civic Federation Vice…
Cook County Residential Properties See Decline in 2014 While Commercial Properties Rise (CHICAGO) The Civic Federation released its annual estimate of effective property tax rates in the six-county region of northeastern Illinois today. Among the 12 selected Cook County communities, Harvey had the highest effective tax rate for residential properties at 7.71% in tax year 2014, while Chicago had…
Click here to read the full report. This annual report compares estimated effective property tax rates in the six-county region of northeastern Illinois between 2005 and 2014, the last year for which data are available. Among the 12 selected Cook County communities, the Civic Federation found Harvey had the highest 2014 effective tax rate for residential properties at 7.71% in tax year…
The following are the five most read posts presented by the Civic Federation blog in 2016. These posts examine issues ranging from local government consolidation to pension funding reform. Cook County Electorate to Vote on Referendum to Merge the Recorder of Deeds with the County Clerk July 20, 2016 This post highlights an initiative long supported by the Civic Federation to merge the…
This article analyzes how suburban Cook County park districts subsidize their recreational programs. Civic Federation President Laurence Msall commented on the Village of Palatine’s use of recreational program revenue for capital projects, noting that transferring surpluses from one year to other accounts is acceptable, as long as it’s not used to avoid voter approval for large capital expenses…
(CHICAGO) In an analysis released today, the Civic Federation announced its support for the Chicago Park District’s proposed FY2017 operating budget of $449.4 million. The budget continues to reduce the District’s reliance on fund balance to close its budget deficits and keeps the property tax levy relatively flat. The full 61-page analysis is here. As detailed in the analysis, the Federation…
