A report released today by the Civic Federation uses nine indicators of financial condition to measure the relative financial trends of Chicago and 12 other major U.S. cities from FY2009 to FY2013. The financial trends for Chicago, New…
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…
