On April 20, 2023 two bills passed out of committee in the Illinois House of Representatives that would increase pension benefits for Chicago firefighters hired after 2010. Senate Bills…
The State of Illinois currently pays debt service on four major types of bonds: General Obligation (GO) bonds for capital projects, GO bonds for pension obligations, GO bonds to pay backlogged bills and Build Illinois revenue bonds. In…
The Civic Federation released its annual…
On February 15, 2023, Governor Pritzker released the State of Illinois FY2024 Operating and Capital Budgets. The proposed budget noted revenue collections post-pandemic have continued to exceed…
The Civic Federation annually releases a report on consumer taxes in the City of Chicago, which will be released next month. Consumer taxes are tied to the use or consumption of certain goods and services that can be charged directly to…
The Illinois General Assembly passed a series of amendments during veto session in early December to the SAFE-T (Safety, Accountability, Fairness and Equity – Today) Act, the criminal justice omnibus law enacted in early 2021. The SAFE-T…
On November 14, 2022, the Governor’s Office of Management and Budget (GOMB) released the Illinois Economic and Fiscal Policy Report. The report includes changes to the FY2023 enacted budget revenue forecast and a five-year budgetary…
