This segment covers the proposed FY2016 City of Chicago budget released September 22, which includes a $543 million property tax increase that would be phased in over four years. The Civic Federation said the increase won’t solve all of…
This Chicago Tonight segment features Chicago Aldermen discussing a reported $500 million City of Chicago property tax increase and other potential taxes and fees. It cites a September 8 City Club panel that featured Civic Federation…
This article discusses the City’s aldermanic menu program, which allots each alderman $1.32 million annually for infrastructure projects in the alderman’s own ward. The Civic Federation said the City would be better served by a transparent…
This article covers a September 8 City Club panel on Chicago finances that featured Civic Federation President Laurence Msall alongside Municipal Market Analytics Partner Matt Fabian, Crain’s Chicago Business columnist Greg Hinz and City…
This article features several aldermen’s reactions to reports that a $500 million property tax increase will be included in Mayor Emanuel’s FY2016 proposed City of Chicago budget to fund increased pension payments and school construction.…
This article discusses reports that Mayor Emanuel’s proposed FY2016 budget will include a $500 million property tax increase for the City of Chicago. It cites information from the Civic Federation’s most recent…
The State of Illinois is often cited for its unique financial challenges. However, at least in one respect, Illinois does not stand alone in its financial difficulties. Illinois is one of four states that began the fiscal year without an…
This article reviews discussions surrounding the idea of allowing Illinois municipalities to file for chapter 9 bankruptcy. Earlier this year, the Civic Federation…
This op-ed by State Representative Barbara Flynn Currie urges the Illinois General Assembly to adopt a budgeting approach that balances spending reductions with new revenues. It discusses several recommendations from the Civic Federation’s…
This column covers Illinois’ current budget stalemate and the programs and bills that can continue to be paid for without a formal operating budget, meaning the State is spending at FY2015 levels although its revenue has dropped. The Civic…
