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Government Budgets

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Past Due: Can Illinois Run Out Of Money?

This segment asks whether Illinois can run out of money while the State’s budget impasse continues. Civic Federation President Laurence Msall explained that the State is still receiving revenue, but that revenue can only be spent if there…

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Preckwinkle may junk proposed amusement tax hike

This article discusses the amusement tax changes presented as part of Cook County’s FY2016 Proposed Budget and the lack of support the amusement tax is seeing. It cites the…

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Research Group Can't Stomach Cook County Sales Tax

This article reviews the Civic Federation’s analysis of Cook County’s FY2016 Proposed Budget. The Federation could not support the budget because the…

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Civic Federation Cannot Support Cook County's FY2016 Budget

One Percentage Point Sales Tax Increase Unreasonable Given Alternatives In a report released today, the Civic Federation announced it could not support Cook County’s proposed FY2016 budget of $4.5 billion because it is based on a one…

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Cook County FY2016 Executive Budget Recommendation: Analysis and Recommendations

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…

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Illinois Hit with Downgrades as Budget Stalemate Continues

Two of the three major rating agencies have cut the State of Illinois’ bond ratings due to its ongoing budget crisis and worsening financial condition. These downgrades make Illinois the only state credit currently rated below the ‘A’…

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City of Chicago Proposes Solid Waste Removal Fee

The City of Chicago’s FY2016 budget proposes to implement a monthly solid waste removal fee of $9.50 on households, which is projected to generate $62.7 million in new revenue.[1] Currently the…

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Civic Federation says proposed Chicago budget a good step

This article reviews the Civic Federation’s analysis of the FY2016 City of Chicago Budget released October 14 in advance of a City Council hearing…

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Civic Federation Backs Emanuel Property Tax Hike, But Has Concerns

This segment discusses the Civic Federation’s FY2016 City of Chicago Budget Analysis released on October 14. The analysis supported the budget for…

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Civic Federation: $588M property tax hike won't be enough to shore up finances

This article covers the Civic Federation’s October 14 analysis of the FY2016 City of Chicago budget. The Federation supports a proposed property…