City of Chicago

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Civic Federation Releases Reports on Cook County, City of Chicago, and the State of Illinois' Finances

The non-partisan organization recently published analyses and informational reports on the finances of local governments and the impact on their taxpayers. CHICAGO – The Civic Federation released six reports in October and November,…

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Total Chicago Property Tax Burden Rose by $2.7 Billion, or 53.3%, Between Tax Years 2014 and 2023

This short report presents trends on increases in total property tax extensions for all the governments on typical Chicago property tax bills. A taxpayer in the City of Chicago pays property taxes to 7 or 8 local governments, depending on…

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Chicago’s FY2025 Proposed Budget Exacerbates Structural Imbalance

On October 30, Chicago Mayor Brandon Johnson introduced the City’s proposed FY2025 budget. The proposed budget included a…

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High Chicago Debt Burden Contributes To City's Fiscal Challenges

The City of Chicago currently faces mounting fiscal challenges, with a projected FY2025 budget gap of $982.4 million. A significant contributor to the City’s rising costs is its rising debt burden over time. More information about the City…

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Civic Federation Report Details Key Fiscal Challenges and Path Forward for City of Chicago in FY2025

The Civic Federation today released a report framing stark financial realities and opportunities City of Chicago officials must navigate as they work to build and approve the City’s FY2025 budget this fall. Estimates place the government…

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Civic Federation Report Details Key Fiscal Challenges and Path Forward for City of Chicago in FY2025

The City of Chicago is contending with two merging fiscal challenges: FY2025 budget planning to address a projected $982.4 million deficit, and simultaneously scrambling to meet a $222.9 million deficit still remaining in FY2024. In a new…

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City of Chicago FY2025 Roadmap: Key Financial Challenges, Options and Recommendations

Click here to read the full report.Click here to read the executive summary.

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Estimated Effective Property Tax Rates 2013-2022

Click here to read the full report.

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A Refresher on Chicago’s Revenue Options

Eight months after its formation, the Chicago City Council Finance Committee’s Subcommittee on Revenue held its first…

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Civic Federation Urges Linking Transit Governance Reform With Funding, Calls for Consolidation of Transit Services in Northeastern Illinois

The Civic Federation today released a position paper calling on the Illinois General Assembly to pursue foundational structural reform of Northeastern Illinois’ mass transit systems—…