07.22.10
Despite a $2 billion drop in the State’s annual revenues in FY2010 , the General Assembly passed Governor Pat Quinn's proposal to provide a back-to-school...
07.22.10
Despite a $2 billion drop in the State’s annual revenues in FY2010 , the General Assembly passed Governor Pat Quinn's proposal to provide a back-to-school...
07.21.10
Last week the Metropolitan Water Reclamation District Board of Commissioners held a public study session meeting to...
07.14.10
Almost immediately after the Illinois General Assembly approved an unbalanced budget for FY2011, two of the three major rating agencies downgraded the state’s debt ratings.
It was the fifth time in the last 18 months that...
07.14.10
On July 14, 2010, Cook County Commissioners approved by a vote of 9 to 3 a strategic plan to reorient the County’s health system more toward outpatient care and away from inpatient hospital services.
The five-year plan calls for closing the emergency room and inpatient facilities...
07.07.10
The Illinois Department of Revenue has announced that the tentative equalization factor for the Cook County 2009 property assessment year (taxes payable in late 2010) is 3.1062 . The final...
07.01.10
The sales tax rate on general merchandise in Cook County declines by 0.5 percentage point on July 1, 2010. This rolls back half of the 1.0 percentage point increase imposed by the Cook County Board of Commissioners effective July 1, 2008.
For two years Chicago has had the highest sales...
07.01.10
On July 1, 2010—the first day of the State of Illinois’ FY2011 fiscal year—Governor Pat Quinn said that his budget for the new year will contain major spending cuts. However, most of the reductions have yet to be determined and the FY2011 budget continues to be unbalanced, with...
06.30.10
Last month the State of Illinois Commission on Government Forecasting and Accountability ( COGFA ) released a report entitled “ Sales Tax in...
06.25.10
On June 10th at the Palmer House Hilton in downtown Chicago, the Civic Federation honored the outstanding civic leadership of John F. Sandner, Retired Chairman and Member of the Executive Committee of CME Group, Inc., with the Lyman J. Gage Award for Outstanding Civic Contribution. Abbott, a...
06.22.10
The State of Illinois has yet to determine how it will handle its required pension contributions for FY2011. However, a recent analysis by the Commission on Government Forecasting and Accountability (COGFA) estimates...