The full market value of real estate in Cook County was approximately $585.8 billion in tax assessment year 2017. Tax year 2017 is the most recent year for which data are available. The 2017 total...Learn More
The Civic Federation supports the Chicago Public Schools (CPS) proposed budget for FY2020 because it demonstrates continued financial stability in the third year of Evidence-Based Funding from the...Learn More
The Civic Federation released this report in advance of the April 2, 2019 Chicago municipal election for consideration by the public and candidates for Mayor, Treasurer, Aldermanic Office and...Learn More
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Since the beginning of FY2009, the Cook County Pension Fund has seen an increase in its liabilities not covered by assets, or the unfunded liability, of nearly $3.8 billion. The increase is attributable to a number of factors and has fluctuated over the years.
The following table...
In her “State of the City” address in August, Chicago Mayor Lori Lightfoot stated her administration will pursue a graduated real estate transfer tax...
The Civic Federation recently released its annual estimate of the full value of property in Cook County . The 2017 estimated value of all Cook County real...
Supporters of a graduated income tax have emphasized its potential to stabilize the State of Illinois’ shaky finances and reduce pressure on local property taxes. However, like the previous income tax...
This article covered the City of Chicago's significant financial challenges ahead of Mayor Lori Lightfoot's State of the City address. Civic Federation President Laurence Msall said that the Mayor...
The State of Illinois has not had a major capital plan for a decade, and it is clear that capital needs are outpacing resources. While there is near universal agreement, including by the Civic...