11.24.20
On November 18, 2020, the City of Chicago released a multi-year capital plan for FY2021 through FY2025. The plan totals $11.7 billion over the 5-year period. This is a 36.5%, or...
Library
11.20.20
The Civic Federation is examining the fiscal impact of the COVID-19 pandemic on the State of Illinois and its local governments. The following are blog posts and other items covering various...
11.20.20
Illinois has lost less tax revenue than expected this year due to the COVID-19 pandemic, but the State still faces a significant budget gap, according to the latest official projection.
The Governor’s annual...
11.19.20
11.16.20
11.12.20
Chicago Mayor Lori Lightfoot’s proposed budget for the fiscal year starting January 1, 2021 includes a property tax increase of $93.9 million for a total property tax levy of $1.6 billion. This blog post will explore the three component parts of the increase.
The City of Chicago, as a...
11.06.20
The City of Chicago expects year-end general operating revenues to be 20.6% below budget by the end of the current 2020 fiscal year, according to the City’s FY2021 budget proposal . As described in a...
11.05.20
10.30.20
The full market value of real estate in Cook County was $609.6 billion in tax assessment year 2018 according to an annual estimate released by the Civic Federation today. The 2018 estimates represent the sixth year in a...
10.30.20