CTA Amends FY2020 Budget Due to COVID-19
On August 12, 2020 the Chicago Transit Authority (CTA) approved Ordinance 020-070 amending its FY2020 budget to incorporate $690.1 million of the CARES…
On August 12, 2020 the Chicago Transit Authority (CTA) approved Ordinance 020-070 amending its FY2020 budget to incorporate $690.1 million of the CARES…
The COVID-19 pandemic has had a devastating impact on state budgets, with tax revenue shortfalls estimated to total about $200 billion for fiscal years 2020 and 2021 compared with initial projections.…
In a proposal to stabilize underfunded pensions for Forest Preserve District of Cook County employees and retirees, the Forest Preserves’ Conservation and Policy Council…
City Colleges of Chicago released its tentative FY2021 operating and capital budgets on June 23, 2020. The total…
State legislatures across the country are working out how to conduct the people’s business while also maintaining proper social distancing guidelines. According to the…
The coronavirus pandemic has dealt a severe blow to Chicago’s hospitality industry. Conventions have been cancelled, dine-in restaurants have closed, airport traffic has plunged and sporting events have been cancelled. As of early April,…
The $2.2 trillion economic relief legislation passed by Congress in late March contains significant new funding for States and large local governments. Exactly how…
The spread of the COVID-19 virus and the measures put in place to reduce the transmission…
States are currently facing monumental fiscal challenges posed by the economic and revenue impacts of the coronavirus pandemic. However, their ability to use fiscal policies to address these challenges is quite limited due to structural…
This blog post presents information about the different types of individual income taxes imposed by state governments in the United States. In 2020 forty-one states levied individual income taxes. States currently use flat rate or…