Short-term or current liabilities are financial obligations that must be satisfied within one year. They can include short-term debt, accounts payable, accrued payroll and other current liabilities. This blog post presents five-year…
The following are the five most read posts presented by the Civic Federation blog in 2015. These posts examine a number of closely followed local government issues, ranging from City and County taxes to Chicago pension debt. …
FY2016 Budget Season Summary December 3, 2015 marked the end of the budget season for the eight local governments monitored by the Civic Federation. These governments include: the…
This annual report compares estimated effective property tax rates in the six-county region of northeastern Illinois between 2004 and 2013, the last year for which data are available. Among the 12 selected Cook County communities…
This report provides estimates of the total market value of real property in Cook County from 2004-2013 and shows how property value is spread among the City of Chicago, the northern and the southern suburbs.The full market value of real…
UPDATE: On Monday, November 9, 2015, Cook County Board President Preckwinkle called a special meeting of the Board of Commissioners to address the Hotel Accommodations Tax. On Friday November 6, 2015, the Civic Federation discussed a Hotel…
The Civic Federation cannot support Cook County’s proposed FY2016 budget of $4.5 billion because it is based on a one percentage point increase in the County’s sales tax…
On July 15, 2015, the Cook County Board of Commissioners voted 9-7 to once again increase the county sales tax by one percentage point, taking effect on January 1, 2016. Once in place for one full year, Board President Toni Preckwinkle’s…
