Consumers of electronic cigarettes in the City of Chicago and Cook County as a whole will pay new taxes in 2016. As part of their FY2016 budget processes the City of Chicago and Cook County both expanded their taxes on tobacco products to…
Short-term or current liabilities are financial obligations that must be satisfied within one year. They can include short-term debt, accounts payable, accrued payroll and other current liabilities. This blog post presents five-year…
The following are the five most read posts presented by the Civic Federation blog in 2015. These posts examine a number of closely followed local government issues, ranging from City and County taxes to Chicago pension debt. …
FY2016 Budget Season Summary December 3, 2015 marked the end of the budget season for the eight local governments monitored by the Civic Federation. These governments include: the…
This annual report compares estimated effective property tax rates in the six-county region of northeastern Illinois between 2004 and 2013, the last year for which data are available. Among the 12 selected Cook County communities…
The Civic Federation supports the City of Chicago’s proposed $7.8 billion budget and necessary property tax increase as a long overdue action to address the City’s public safety pension funding crisis. The total proposed property tax…
On September 22, 2015, Mayor Rahm Emanuel released the City of Chicago FY2016 Budget, which includes a nearly $1.3 billion property tax levy, an increase of $427.7 million over the originally adopted FY2015 budget. The property tax levy…
The City of Chicago recently released its Annual Financial Analysis for 2015. According to an…
