Revenue collected by the State of Illinois from the largest two areas of legal gaming in the State, riverboat casinos and lottery, both declined significantly in fiscal year 2015 while the State’s more recently implemented video gaming…
This segment and adjoining article examine the proposed City of Chicago FY2016 budget released September 22, which includes a property tax increase to address the City’s unfunded pension liabilities. The Civic Federation said…
This segment covers Mayor Rahm Emanuel’s FY2016 proposed budget released September 22, which includes a $543 million property tax increase phased in over four years, along with several other new targeted fees and taxes. The Civic…
This segment reviews the property tax increase aimed at addressing Chicago’s underfunded pension systems that was proposed as part of the FY2016 City of Chicago budget released September 22. The Civic Federation said this tax increase…
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 article reviews a report released by the University of Illinois Institute of Government and Public Affairs on the funding gap facing Illinois’ infrastructure. It cites an…
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…
