Taxes and Fees

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Cook County property value fell almost 11% in 2009

This article discusses the Civic Federation’s “Estimated Full Value of Real Property in Cook County: 2000-2009” report, which found that…

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Reserve Fund an Answer for CPS, a Question for Others

This article explores Chicago Public Schools’ decision to raise its property tax to the maximum amount allowed while also making program and staffing cuts to balance a $712 million budget gap using some of its reserves. The Civic…

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Proposed CPS budget includes property tax hike

In this news segment about Chicago Public Schools proposal to increase its property tax levy to help fill its $712 million budget gap, Civic Federation Vice President Lise Valentine says that CPS is making difficult but reasonable choices…

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Maximum property tax hike sought for Chicago public schools

This article discusses Chicago Public Schools proposal to increase its property tax levy to the maximum amount allowed – as well as make major staffing and program cuts – to help fill its $712 million budget gap. Civic Federation Vice…

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Tax hike, cuts will plug Chicago schools budget

This news segment discusses Chicago Public Schools proposal to close its $712 million budget gap by raising its property taxes to the maximum amount allowed and making significant cuts to staffing and programs. The Civic Federation says it…

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Estimated Value of Cook County Real Estate Fell by $66.0 Billion in 2009; Third Year of Decline

CHICAGO – The full market value of real estate in Cook County was approximately $550.1 billion in tax assessment year 2009 according to an annual estimate released today by the Civic Federation. This total value represents a decline of $…

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Estimated Full Value of Real Property in Cook County: 2000-2009

This report provides estimates of the total market value of real property in Cook County from 2000-2009 and shows how property value is spread among the City of Chicago, the northern and the southern suburbs. The full market value of real…

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The Final 2010 Cook County Equalization Factor is 3.3000

The Illinois Department of Revenue announced today that the final equalization factor for the Cook County 2010 property assessment year (taxes payable in 2011) is…

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State Sales Tax Revenues Exceed Expectation

After two consecutive years of losses, the State of Illinois is reporting moderate growth in sales tax revenue for FY2011, which ended on June 30, 2011. Not only did sales tax revenue collected by the State grow but it also beat the…

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City Colleges of Chicago FY2012 Tentative Budget: Analysis and Recommendations

  The Civic Federation supports the City Colleges FY2012 tentative budget totaling $651.5 million, an increase of $69.6 million, or 12.0%, over the adopted FY2011 budget. Unrestricted operating funds, the portion of the budget over…