Volatile PPRT Revenue Should Not Be Relied on for Local Government Operating Budgets
Illinois’ Personal Property Replacement Tax (PPRT) is a revenue source for local governments that was created by the General Assembly…
Illinois’ Personal Property Replacement Tax (PPRT) is a revenue source for local governments that was created by the General Assembly…
The Civic Federation announced its support for the Chicago Public Schools proposed FY2012 budget in a 82-page analysis released today at civicfed.org. Although supporting the CPS’s proposed $5.9 billion spending plan for the coming school…
The Civic Federation supports the Chicago Public Schools proposed $5.9 billion budget for FY2012, which is an increase of 1.5%, or $87.0 million, from the year-end estimates of FY2011. The proposed budget is a reasonable short-term plan to…
This article profiles many of the major reforms Chicago Public Schools may need to make in order to ensure long-term fiscal health. The Civic Federation says that because the District’s financial problems stem in part from delayed State of…
New rulings by the Illinois Department of Revenue have reignited a debate over whether the State’s non-profit hospitals provide adequate charity care to patients in exchange for their property-tax exemptions. On August 16, 2011 the…
Findings from the Civic Federation’s “Estimated Full Value of Real Property in Cook County: 2000-2009” report is the focus of this…
This article discusses the Civic Federation’s “Estimated Full Value of Real Property in Cook County: 2000-2009” report, which found that…
This article explores Chicago Public Schools’ decision to raise its property tax to the maximum amount allowed while also making program and staffing cuts to balance a $712 million budget gap using some of its reserves. The Civic…
In this news segment about Chicago Public Schools proposal to increase its property tax levy to help fill its $712 million budget gap, Civic Federation Vice President Lise Valentine says that CPS is making difficult but reasonable choices…
This article discusses Chicago Public Schools proposal to increase its property tax levy to the maximum amount allowed – as well as make major staffing and program cuts – to help fill its $712 million budget gap. Civic Federation Vice…