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FY2016

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Civic Federation Supports FY2016 CTA Budget

Holds Fares Flat, but Could be Complicated by State Budget Impasse In an analysis released today, the Civic Federation announced it supports the Chicago Transit Authority’s (CTA) proposed FY2016 operating budget of $1.47 billion. The…

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Chicago Transit Authority President's FY2016 Budget Recommendations: Analysis and Recommendations

The Civic Federation supports the Chicago Transit Authority's (CTA) FY2016 operating budget of nearly $1.47 billion. The budget represents a continued effort to actively manage costs and improve service levels. The CTA is continuing to…

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Mayor Emanuel on Taxes, Fees and Whether His Budget Will Pass

In this interview on the City of Chicago’s Proposed FY2016 Budget with Mayor Rahm Emanuel, the Mayor discusses the Civic Federation’s analysis of the…

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Past Due: Can Illinois Run Out Of Money?

This segment asks whether Illinois can run out of money while the State’s budget impasse continues. Civic Federation President Laurence Msall explained that the State is still receiving revenue, but that revenue can only be spent if there…

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Preckwinkle may junk proposed amusement tax hike

This article discusses the amusement tax changes presented as part of Cook County’s FY2016 Proposed Budget and the lack of support the amusement tax is seeing. It cites the…

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Research Group Can't Stomach Cook County Sales Tax

This article reviews the Civic Federation’s analysis of Cook County’s FY2016 Proposed Budget. The Federation could not support the budget because the…

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Cook County Board President to Propose New Hotel Tax Instead of Eliminating Amusement Tax Exemptions

UPDATE: On Monday, November 9, 2015, Cook County Board President Preckwinkle called a special meeting of the Board of Commissioners to address the Hotel Accommodations Tax. On Friday November 6, 2015, the Civic Federation discussed a Hotel…

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Civic Federation Cannot Support Cook County's FY2016 Budget

One Percentage Point Sales Tax Increase Unreasonable Given Alternatives In a report released today, the Civic Federation announced it could not support Cook County’s proposed FY2016 budget of $4.5 billion because it is based on a one…

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Cook County FY2016 Executive Budget Recommendation: Analysis and Recommendations

The Civic Federation cannot support Cook County’s proposed FY2016 budget of $4.5 billion because it is based on a one percentage point increase in the County’s sales tax…

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Illinois Hit with Downgrades as Budget Stalemate Continues

Two of the three major rating agencies have cut the State of Illinois’ bond ratings due to its ongoing budget crisis and worsening financial condition. These downgrades make Illinois the only state credit currently rated below the ‘A’…