Other Governments

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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…

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States Beg, Borrow and Cut to Cope with Pandemic-Wracked Finances

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.…

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Cook County Forest Preserves’ Conservation and Policy Council Proposes Cook County Contribute to District Pensions

In a proposal to stabilize underfunded pensions for Forest Preserve District of Cook County employees and retirees, the Forest Preserves’ Conservation and Policy Council

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City Colleges Releases FY2021 Capital Budget

City Colleges of Chicago released its tentative FY2021 operating and capital budgets on June 23, 2020. The total…

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How Are State Legislative Bodies Meeting During COVID-19?

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…

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COVID-19 Pandemic Will Have Serious Impact on Finances of Chicago’s Metropolitan Pier and Exposition Authority and the Illinois Sports Facilities Authority

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,…

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How Will CARES Act Funding Be Divided Among Illinois and its Local Governments?

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…

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How City Councils in Major Cities are Governing During COVID-19

The spread of the COVID-19 virus and the measures put in place to reduce the transmission…

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What Limitations do States Face in Addressing a Coronavirus Pandemic Recession?

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…

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Individual Income Tax Structures in Selected States

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…