States Punt on Tax Increases for FY2011
The State of Illinois is not the only cash-strapped state that shied away from major tax increases to improve its financial condition in FY2011. According to Stateline.…
The State of Illinois is not the only cash-strapped state that shied away from major tax increases to improve its financial condition in FY2011. According to Stateline.…
Last week the Illinois General Assembly adjourned for the summer. The House and the Senate sent numerous bills to Illinois Governor Pat Quinn to either sign or veto. One such bill is Senate Bill 580, which would restructure the existing…
This article is about Mayor Daley’s plans to hold the City of Chicago’s property tax levy flat for next year’s budget. The Civic Federation says the City should explore options other than increasing taxes to balance its budget in the…
The Chicago School Finance Authority (SFA) is scheduled to be officially dissolved on June 1, 2010. The SFA is a separate unit of government created in 1980 by the Illinois General Assembly and charged with “promoting the financial…
On May 4, 2010 the Illinois General Assembly passed a bill that will significantly improve the transparency of information about Tax Increment Financing districts in Illinois. Senate Bill 3152 implements a number of the…
The Civic Federation recently published a primer on the Cook County Property Assessment Process. It explains many features…
(CHICAGO) A report released today by the Civic Federation explains the how the taxable value of Cook County real estate is determined and describes different assessment methods, the classification system, equalization, and exemptions.…
This report describes how the taxable value of real estate is established in Cook County, Illinois. It explains the determination of assessed value and the calculation of taxable value, including data on triennial assessment districts,…
One of the Chicago Transit Authority’s ongoing fiscal challenges has been balancing the cost of providing rides on the CTA with the fares the Authority collects from its customers. CTA Board Chairman Terry Peterson announced at the…
When the Chicago City Council approved the Tax Increment Financing (TIF) Sunshine Amendment in April of 2009 that called for the creation of a consolidated and enhanced TIF information website, the City took a significant step towards…