Sign Up for Newsletter
. The Civic Federation
donate
search

Taxes and Fees

.

Quinn Slams Emanuel’s Pension Bill

This segment discusses Governor Quinn’s opposition to the property tax component of Chicago’s recent pension reform plan for its…

.

Chicago pension overhaul would boost tax revenue by $750 million

This article discusses the City of Chicago’s plan to restore 90% funded levels to its Municipal and Laborers pension funds by 2054 through a combination of property tax increases, increased employee contributions and lower cost-of-living…

.

Chicago Mayor Seeks Alterations to Repair Badly Underfunded Pension Plan

This article reports on a pension funding plan announced by the City of Chicago April 1 that would bring the Municipal and Laborers pension funds to a 90% funded level by 2054. Without reforms, both funds face insolvency within 9-17 years…

.

Chicago Proposes Pension Funding Reform for Municipal and Labor Funds

Chicago Mayor Rahm Emanuel unveiled a proposal to stabilize the City’s underfunded Municipal and Laborers pension funds on March 31. The 40-year plan includes successive property tax increases to provide additional pension funding coupled…

.

Illinois Governor’s Recommended FY2015 Budget Extends Income Tax Increases

On March 26, 2014, Governor Pat Quinn presented an FY2015 budget proposal for the State of Illinois that avoids a fiscal cliff by retaining temporary income tax…

.

Quinn doubles down on tax hike gamble

This article discusses Governor Quinn’s FY2015 budget recommendation, which calls for making Illinois’ temporary income tax rate increases permanent to help finance education and pay down unpaid bills. It cites the Civic Federation’s…

.

Illinois Governor Quinn Proposes Keeping Income-Tax Increase

This article follows Governor Quinn’s FY2015 Budget Address and plan to make Illinois’ temporary income tax increase permanent to generate more State revenue. It cites the Civic Federation’s…

.

Governor Wants to Keep Tax Increase, Setting Terms for Re-Election in Illinois

This article covers Governor Quinn’s March 26 announcement of his plan to make Illinois’ temporary income tax increase permanent. The Civic Federation said the tax increase alone won’t signal to credit rating agencies that the State knows…

.

Quinn faces political peril in new budget plan

This article previews the budgetary challenges Governor Quinn is facing in advance of his March 26 fiscal year 2015 budget address. It cites the Civic Federation’s State of…

.

Stop the Illinois income tax rollback

This op-ed by State Senator Heather Steans opposes the scheduled January 1, 2015 partial rollback of the State’s income tax rate because it would create a steep revenue cliff and threaten human services. Sen. Steans cites the Civic…