City of Chicago

May 25, 2023

Chicago's Recent Rating Upgrades

The City of Chicago has received a number of upgrades from credit rating agencies over the past year, for both the City’s long-term general obligation debt and other debt. City debt primarily consists of general obligation debt secured by…

March 31, 2023

How the Composite Effective Hotel Tax Rate Is Calculated in Chicago

The Civic Federation released its annual…

March 17, 2023

Will Chicago Restore the Head Tax?

In the current campaign for Chicago Mayor and City Council, several candidates have called for restoring the City’s employer’s expense or “head” tax, a tax that was repealed in 2014. An employer’s expense tax, or head tax, is imposed on…

March 9, 2023

2023 Consumer Tax Rates Report

Click here to read the full report.INTRODUCTIONThis annual report lists and describes selected consumer taxes within the City of Chicago. For…

March 1, 2023

Estimated Effective Property Tax Rates 2010-2019

Click here to read the full report.…

February 17, 2023

New Report Shows Record Revenue from Chicago TIFs, Declines in Suburbs

A report released by the Cook County Clerk last month found that revenue from TIF districts increased to a record $1.6 billion for FY2021,…

November 23, 2022

Early Trends in Online ARPA Reporting by Cities

This blog examines online reporting of American Rescue Plan Act (ARPA) spending and performance measures by major U.S. cities. A key component of ARPA was a $350 billion infusion of federal funding to state, local and Tribal governments…

November 11, 2022

From Budget Forecast to Budget Proposal: Changes to the City’s Revenue Projections

On November 7, 2022, the Chicago City Council voted to pass the Mayor’s proposed…

October 25, 2022

City of Chicago FY2023 Proposed Budget: Analysis and Recommendations

Click here to read the full report.Click…

October 14, 2022

Spending on Public Safety in the City of Chicago FY2023 Proposed Budget

The City of Chicago introduced the Mayor’s proposed FY2023 budget in early October, and the City Council will vote on a final budget in November. This blog post takes a look at what’s in the FY2023 budget proposal in the area of public…