The Civic Federation announced today that it opposes the $6.2 billion FY2011 City of Chicago budget because it does not do enough to address the City’s structural deficit. Instead it relies upon long-term asset lease funds and other non-…
Civic Federation Supports FY2011 Budget, Urges More Complete Planning Process Citing DuPage County’s plan to cut expenditures by 3.0% while pledging to maintain core services, the Civic Federation announced today that it supports the…
The Civic Federation supports the DuPage County FY2011 proposed operating budget of $459.4 million. The County is reducing operating expenditures for the second year in a row while pledging to maintain the existing level of service and…
Tax increment financing (TIF) districts do not freeze property tax revenue available to other taxing districts in Cook County; the principal effect of TIF is to raise tax rates higher than they otherwise would have been.…
Explains Effect of TIF on Local Governments in Cook County (CHICAGO) The Civic Federation released today the third in a series of four primers that explain how the property tax system in Cook County works—and doesn’t work. “Property Tax…
The purpose of this report is to describe how property taxes are extended in Cook County, Illinois. It defines tax extension, explains the mechanics of calculating rate limits and tax caps, and describes the effects of Tax Increment…
A tax increment financing (TIF) transparency bill (Public Act 096-1335) passed by the Illinois legislature in May and signed into law by Governor Pat Quinn on…
On June 15, 2010 the Chicago Board of Education approved measures to cope with the school district’s…
On May 4, 2010 the Illinois General Assembly passed a bill that will significantly improve the transparency of information about Tax Increment Financing districts in Illinois. Senate Bill 3152 implements a number of the…
