City of Chicago

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City of Chicago FY2020 Proposed Budget: Analysis and Recommendations

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How do Chicago’s Hotel and Home Share Taxes Compare to Other Cities?

The City of Chicago levies taxes on both hotel operations and occupancy. The City charges a 4.5% hotel accommodations tax and a 6.0% additional…

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City of Chicago Projected Budget Deficit Increases to $838.2 Million

The City of Chicago recently released its Budget Forecast for FY2020, which provides financial estimates for the City’s fiscal…

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Illinois Tax Increase on Cigarettes and E-Cigarettes Scheduled to Go Into Effect July 1

As part of the $45 billion capital bill passed by the Illinois General Assembly in early June 2019, and pending the Governor’s signature, the State’s tax on…

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Mayor Lightfoot and City Council Move Up the Implementation of Livestreaming Committee Meetings

During Mayor Lori Lightfoot’s first City Council meeting on May 29, 2019, new City Council Rules and Procedures were adopted by the Council.…

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How the City of Chicago Uses Tax Increment Financing Surplus

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Chicago City Council Approves Livestreaming Committee Meetings

On March 13, 2019 the Chicago City Council voted to approve Substitute…

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Financial Challenges for the Next Chicago Mayor and City Council

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Exploring a Downtown Congestion Fee for Chicago

The following blog post explores the idea of a downtown congestion fee and the factors that would need to be considered if Chicago were to impose such a fee. The Civic Federation does not take a position on any type of congestion pricing…

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A Public Bank for the City of Chicago?

The following blog post examines the possibility of the City of Chicago starting a public bank. It is intended for informational purposes only. The Civic Federation has not taken a position on the idea, which has been discussed during the…