This news segment discusses Chicago Public Schools proposal to close its $712 million budget gap by raising its property taxes to the maximum amount allowed and making significant cuts to staffing and programs. The Civic Federation says it…
CHICAGO – The full market value of real estate in Cook County was approximately $550.1 billion in tax assessment year 2009 according to an annual estimate released today by the Civic Federation. This total value represents a decline of $…
This report provides estimates of the total market value of real property in Cook County from 2000-2009 and shows how property value is spread among the City of Chicago, the northern and the southern suburbs. The full market value of real…
The Illinois Department of Revenue announced today that the final equalization factor for the Cook County 2010 property assessment year (taxes payable in 2011) is…
After two consecutive years of losses, the State of Illinois is reporting moderate growth in sales tax revenue for FY2011, which ended on June 30, 2011. Not only did sales tax revenue collected by the State grow but it also beat the…
The Civic Federation supports the City Colleges FY2012 tentative budget totaling $651.5 million, an increase of $69.6 million, or 12.0%, over the adopted FY2011 budget. Unrestricted operating funds, the portion of the budget over…
The Civic Federation announced today its support for the City Colleges of Chicago proposed FY2012 operating budget of $651.5 million. The Federation supports the budget because it exercises fiscal restraint and follows many of the…
The Civic Federation released today a comprehensive set of forty recommendations to improve the City of Chicago’s long-term fiscal condition. The new Federation report includes reforms that can be implemented now and over the next few…
The purpose of this report is to provide the City of Chicago’s Mayor and City Council with detailed recommendations on ways to address the City’s serious financial challenges and create a government that is more efficient, less costly and…
The Illinois Department of Revenue has announced that the tentative equalization factor for the Cook County 2010 property assessment year (taxes payable in 2011) is…
