City of Chicago

October 3, 2018

City of Chicago Increases Tax on Liquid Nicotine Products

Consumers of liquid nicotine in the City of Chicago will now pay more for liquid nicotine following the passage of…

August 31, 2018

Pension Bonds: Lessons from the State of Illinois

With governments in Illinois facing steep increases in yearly pension contributions, new plans are being floated to borrow billions of dollars to stabilize ailing pension funds and relieve budgetary pressures. The…

August 10, 2018

City of Chicago Reports Improved Fund Balance

The City of Chicago released its 2017 Comprehensive Annual Financial Report (CAFR) earlier this summer. This blog will examine the City’s Corporate Fund (i.e. General Fund) fund balance as a percent of general operating expenditures based…

July 27, 2018

City of Chicago Passes Additional 2.0% Tax on Home Sharing

The Chicago City Council on July 25, 2018 approved a 2.0% surcharge on shared housing and vacation rentals in the City of Chicago. The 2.0% surcharge is in addition to an existing 4.0% surcharge on vacation rentals or shared housing units…

June 14, 2018

Update: How the State of Illinois FY2019 Enacted Budget Will Affect Local Governments

Illinois Governor Bruce Rauner presented his…

May 31, 2018

The Final 2017 Cook County Equalization Factor is 2.9627

The Illinois Department of Revenue announced last week that the final equalization factor for the Cook County 2017 property assessment…

March 8, 2018

Selected Consumer Taxes in the City of Chicago - 2018

Click here to read this issue brief. This annual brief provides a compilation of selected consumer taxes, including…

February 16, 2018

How the Governor’s Proposed FY2019 Budget Would Affect Local Governments

Illinois Governor Bruce Rauner presented his annual budget address on February 14, 2018, outlining his…

January 18, 2018

Civic Federation 2018 Legislative Priorities

2018 Civic Federation Legislative Priorities The Civic Federation's legislative priorities for 2018 include …

November 8, 2017

City of Chicago FY2018 Proposed Budget: Analysis and Recommendations

Click here to read the full report. The Civic Federation supports the proposed FY2018 City of Chicago budget of $8.6 billion…