05.27.22
On April 9, 2022 the Illinois General Assembly passed the three bills that comprise the FY2023 budget and FY2022 supplemental appropriations. On April 19 the Governor signed the bills into law. The FY2023 budget was passed nearly two months earlier than in previous years because the State’s...
05.20.22
Chicago Mayor Lori Lightfoot has selected Bally’s Corporation to develop a mega casino in the River West neighborhood at the site of the Chicago Tribune’s current printing plant at Chicago and Halsted Avenues. In addition to the casino, Bally’s proposes the development of a theater, an outdoor...
05.10.22
Update (May 11, 2022) : The Cook County Finance Committee deferred the ordinance that would increase Cook County elected officials’ salaries and will hold a separate special meeting later this month to discuss the ordinance. This action was taken following a...
05.05.22
The Civic Federation recently released its annual estimate of the full value of property in Cook County in tax year 2019 . While the Federation’s estimate of the full value has grown each year since the trough in 2012,...
05.03.22
04.14.22
This blog post presents an overview of the Chicago Transit Authority’s FY2022 operating budget, including a summary of how federal stimulus funds were used to balance the budget, and an update on its recent $350 million debt issuance.
The Chicago Transit Authority, like other transit...
04.08.22
On March 24, 2022, the Civic Federation released its annual analysis and recommendations for the Governor’s proposed...
04.01.22
The Illinois Cannabis Social Equity Program was created as part of the 2019 Cannabis Regulation and Tax Act (CRTA), which legalized recreational adult use cannabis in Illinois. The program was intended to offer disadvantaged people and communities of color disproportionately impacted by the war...
03.25.22
Click here for a PDF of this issue brief .
This post presents information on residential and commercial effective property tax rates in south Cook County municipalities in tax years...
03.24.22
