The City of Chicago levies taxes on both hotel operations and occupancy. The City charges a 4.5% hotel accommodations tax and a 6.0% additional…
The City of Chicago recently released its Budget Forecast for FY2020, which provides financial estimates for the City’s fiscal…
As part of the $45 billion capital bill passed by the Illinois General Assembly in early June 2019, and pending the Governor’s signature, the State’s tax on…
During Mayor Lori Lightfoot’s first City Council meeting on May 29, 2019, new City Council Rules and Procedures were adopted by the Council.…
The following blog post discusses how the City of Chicago has used surplus revenue in its tax increment financing (TIF) districts since 2013.…
On March 13, 2019 the Chicago City Council voted to approve Substitute…
The following blog post explores the idea of a downtown congestion fee and the factors that would need to be considered if Chicago were to impose such a fee. The Civic Federation does not take a position on any type of congestion pricing…
The following blog post examines the possibility of the City of Chicago starting a public bank. It is intended for informational purposes only. The Civic Federation has not taken a position on the idea, which has been discussed during the…
