Mayor Rahm Emanuel announced September 29 that the City of Chicago’s FY2013 budget would not include any increased taxes, fines or fees. It will instead focus on reforms, cuts and efficiencies. The Civic Federation praised the City for…
Second installment property tax bills for Cook County residents are due this week, the earliest due date since at least 1977,…
On April 24, 2012, the City Council passed an ordinance…
This editorial discusses Governor Quinn’s moratorium on the State’s review of property tax exemptions for non-profit hospitals. The moratorium was lifted on March 1 after negotiators were unable to reach an agreement on exemption standards…
This article discusses the various proposals emerging in response to legal and legislative uncertainty surrounding property tax exemptions for non-profit hospitals. The Civic Federation’s…
This article examines the challenge facing several states that enacted temporary tax increases during the recession and now face long-term budget challenges as the increases are scheduled to sunset. The Civic Federation says that the…
The Civic Federation supports the continuation of property tax exemptions for non-profit hospitals that qualify as charitable organizations. However, the General Assembly must establish clear, definable standards of eligibility. This…
This brief provides an updated compilation of selected consumer taxes, including rates and descriptions, in effect in the City of Chicago on February 2, 2012. It includes such taxes as the sales tax, gas tax, amusement tax, lease tax,…
On February 8, 2012, the Chicago Park District Board of Commissioners unanimously voted to provide the Institute of Puerto Rican Arts and Culture (IPRAC) $243,407 in funds from the District’s personal property tax replacement (PPRT)…
Data from the most recent audited financial statements of Illinois’ state and local government pension funds shows that the total unfunded liabilities for public employee pensions supported by the taxes of Chicago residents reached $14,…
