Taxes and Fees

.

DuPage County Proposed FY2011 Budget: Analysis and Recommendations

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…

.

Cook County Modernization Report

The purpose of the Cook County Modernization Report is to provide leaders of the County with ideas for reshaping and refining County government that will improve service delivery to residents while reducing wasteful spending and decreasing…

.

Voters Avoid Hard Choices on State Budget

A recent poll of Illinois voters might help explain why elected officials have been reluctant to make difficult decisions to solve the State of Illinois’ fiscal crisis. The…

.

The Effect of TIF Districts on Property Tax Rates in Cook County

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.…

.

Why Is It So Difficult to Predict Changes in Property Tax Bills?

Cook County second installment property tax bills are expected to come out late…

.

New Civic Federation Property Tax Primer Teaches Tax Extension Basics

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 Cook County Property Tax Extension Process: a Primer on Levies, Tax Caps, Tax Bills and the Effects of Tax Increment Financing Districts

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…

.

Cook County property tax bills won’t be out until around Thanksgiving

This article discusses a delay in the mailing of Cook County property tax bills to around November 22, a month later than 2009’s mailing. The Civic Federation says that because of the delay, local governments may have to borrow money for…

.

Property tax load shifts back to biz

This article discusses the Civic Federation’s “Effective Property Tax Rates 1999-2008: Selected…

.

Two Reports Look at Property Tax Rates and Pessimism about Home Values

This blog post discusses findings in the Civic Federation’s “Effective Property Tax Rates 1999-2008:…