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Taxes and Fees

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Cook County Board Approves FY2011 Budget

On Saturday February 26th, the Cook County Board of Commissioners unanimously approved the FY2011 Annual Appropriations Ordinance. In the…

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Cook County Board votes to roll back sales-tax increase by 2013

This article discusses the Cook County Board of Commissioners vote to rollback the remaining portion of the 2008 penny sales tax increase by 2013. The Civic Federation says that the tax increase was established without a solid plan for how…

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Chicago mayor race: Softer Rahm Emanuel bids for hard task

This segment discusses Rahm Emanuel’s mayoral campaign. It cites the warning in the Civic Federation’s “…

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Governor Proposes Borrowing to Pay Business Tax Refund Backlog

In order to pay income tax refunds owed to taxpayers, the State of Illinois sets aside a percentage of income tax receipts received throughout the year and deposits them into a special fund. Different percentages apply to individuals and…

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Civic Federation Supports Leaner Cook County Budget, Operational Reforms

(CHICAGO) The Civic Federation will announce its support for the proposed $3.0 billion FY2011 Cook County budget at a public hearing today. The plan cuts expenditures and employee headcount while committing to a full repeal of the sales…

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Cook County FY2011 Proposed Budget: Analysis and Recommendations

The Civic Federation supports Cook County’s $3.0 billion FY2011 Executive Budget Recommendation as it reflects a significant effort to reduce expenditures. The new County administration also appears to be on a path toward significant…

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New Chicago Mayor Must Take Immediate Action on Perilous City Finances

The new Mayor of the City of Chicago faces three major fiscal challenges that will require the immediate attention of the new administration, according to a new report released today by the Civic Federation. The daunting difficulties…

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Civic Federation Op-Ed Published in Crain’s Chicago Business

The following opinion piece by Civic Federation President Laurence Msall appeared in the…

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Civic Federation: Tax Hike Won’t Lower Deficit

This news segment explores the effect that the proposed increase in State of Illinois income taxes may have on individuals and businesses. Civic Federation President Laurence Msall says the State’s plans will not make a dent in its deficit…

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Ill. Legislators pause before big tax push

This article discusses efforts by legislators in Springfield to garner support for an increase in the State of Illinois’ income taxes. The Civic Federation says that if the State does not make major budget cuts between now and FY2015 when…