08.10.18
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 on audited data from the City’s most recent CAFR. This...
08.03.18
Thanks to higher than expected revenues , the State of Illinois ended the last fiscal year with a backlog of unpaid bills that was about $900 million below earlier forecasts.
The bill backlog stood...
07.27.18
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, bringing the total taxes specific to home sharing to 6.0...
07.24.18
07.16.18
The State of Illinois collected over $900 million more in revenues than previously forecast in the budget year that just ended, apparently resulting in a lower than expected year-end backlog of unpaid bills.
The State’s general operating revenues for fiscal year 2018 were $37.7 billion,...
07.13.18
Cook County Clerk David Orr’s office released the 2017 Cook County Tax Rates report on June 20, 2018 and shortly after, Cook County Treasurer Maria Pappas mailed the second...
07.05.18
Since Illinois passed its budget for the current fiscal year, many questions have been raised about the...
07.02.18
Click here to read the full report.
The Civic Federation supports the City Colleges of...
06.29.18
Beginning in August 2018, establishments with liquor licenses in unincorporated areas of Cook County will be able to offer video gaming on automated gambling machines based on an ordinance amendment passed by the Cook County Board of Commissioners earlier this month. Video gaming refers to...
06.22.18
Following the enactment of the State of Illinois FY2019 budget on June 4, the Civic Federation blog has analyzed the potential impact on the General Funds and on...
