Annually the Civic Federation releases a report on consumer taxes in the City of Chicago. Consumer taxes are tied to the use or consumption of certain goods and services that can be charged directly to consumers through retail transactions…
This blog post provides an update on the status of the City of Chicago’s O’Hare International Airport $8.5 billion modernization project in 2020. The COVID-19 pandemic has seriously depressed air traffic around the world, reducing airline…
Chicago Mayor Lori Lightfoot’s proposed budget for the fiscal year starting January 1, 2021 includes a property tax increase of $93.9 million for a total property tax levy of $1.6 billion. This blog post will explore the three component…
With the City of Chicago facing a $1.2 billion budget deficit heading into the next fiscal year and calls from community advocates for more funding for violence prevention and social services, the current situation begs the question of…
The City of Chicago recently released its Budget Forecast for FY2021, which provides financial estimates for the City’s…
Starting July 1, 2020, many Illinois cannabis consumers will see an increase in the taxes they pay on recreational cannabis as the Cannabis Retailers’ Occupation Tax that is allowed to be imposed by counties and municipalities goes into…
In the wake of protests over the deaths of George Floyd and other Black Americans at the hands of police officers, police accountability and reform has risen to the forefront in government discussions, and residents in…
