Taxes and Fees

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City running on fumes

This article discusses the City of Chicago's preliminary budget estimates that show a $520 million shortfall for FY2010. The Civic Federation is quoted saying that there are no obvious sources of revenue to fill the gap that the…

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Report: City Colleges of Chicago has the Right Idea on Taxes

This article profiles the Civic Federation’s support of the City Colleges of Chicago budget. The Federation’s budget analysis praised City Colleges' decision to hold its property tax levy flat for the next two years. This article also…

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Sharpest State Revenue Decline in 46 Years

A new study from the Rockefeller Institute of Government in Albany, New York reports that total state tax collections for the first quarter of 2009…

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Civic Federation Supports City Colleges’ FY2010 Budget

Today the Civic Federation released its analysis of the FY2010 City Colleges Tentative Annual Operating Budget,…

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Prudent City Colleges Budget Prepares for Economic Uncertainty, Holds Property Tax Levy Flat

The Civic Federation will announce its support for the proposed $492.1 million FY2010 City Colleges of Chicago budget at public hearing today. The Federation’s 39-page analysis found that the proposed budget compensates for uncertain State…

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City Colleges of Chicago FY2010 Tentative Budget: Analysis and Recommendations

The Civic Federation supports the $492.1 million City Colleges of Chicago FY2010 budget because it is a prudent spending plan that both holds the District’s property tax levy flat over the next two years and compensates for…

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Finance Committee of the Cook County Board Approves a Partial Sales Tax Rollback

On July 21, 2009 the Finance Committee of the Cook County Board of Commissioners voted to roll back the county’s sales tax rate from 1.75% to 1.25%. If adopted, the amendment would take effect January 1, 2010 and lower the aggregate…

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Civic Federation to Review Chicago 2016 Olympic Bid

On June 30, 2009 the Chicago City Council passed a resolution asking the Civic Federation to conduct a review of the financial projections made by…

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Illinois Senate OKs Income Tax Increase

In this news segment about a proposed increase to the Illinois income tax, the Civic Federation expresses concerns that too much of the focus in Springfield is on raising taxes, rather than fixing the state’s current fiscal problems. The…

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Funding Culture: The Report of the Task Force on the Public Funding of Cultural Institutions in Northeastern Illinois

This report analyzes the public funding for 12 major cultural institutions in Cook County that receive property tax-based funding from the Chicago Park District or the Forest Preserve District of Cook County. It makes recommendations for…