In the coming months, the State of Illinois will conduct a revenue volatility study to establish a basis for an adequate rainy day fund balance to protect the State from future economic downturns and other revenue variances. This analysis…
(CHICAGO) The full market value of real estate in Cook County was approximately $414.4 billion in tax assessment year 2012 according to an annual estimate released today by the Civic Federation. The 2012 total value estimate represents a…
This report provides estimates of the total market value of real property in Cook County from 2003-2012 and shows how property value is spread among the City of Chicago, the northern and the southern suburbs.The full market value of…
Despite Illinois’ tight budget for the current fiscal year, the State enacted major Medicaid legislation featuring increased payments…
This week the City of Chicago released its Annual Financial Analysis for 2014. According to an…
This article discuses an upcoming $550 million contribution to the City of Chicago’s police and fire pension funds. The City’s…
This article discusses the City of Chicago’s 2014 Annual Financial Analysis released July 31, which reviews…
According to recent reports, the State of Illinois’ operating revenues, which are expected to decline this year due to the partial rollback of State income tax rates,…
CPS is balancing its budget in FY2015 in large part by shifting the time period used to report revenues from 30 to 60 days. This will allow the District to access $648.0 million in revenues that it would not otherwise have been able to use…
Less than a month into the new fiscal year, which began on July 1, Standard and Poor’s announced that the financial outlook for the State has…
