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FY2016

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City of Chicago Proposes Solid Waste Removal Fee

The City of Chicago’s FY2016 budget proposes to implement a monthly solid waste removal fee of $9.50 on households, which is projected to generate $62.7 million in new revenue.[1] Currently the…

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Civic Federation says proposed Chicago budget a good step

This article reviews the Civic Federation’s analysis of the FY2016 City of Chicago Budget released October 14 in advance of a City Council hearing…

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Civic Federation Backs Emanuel Property Tax Hike, But Has Concerns

This segment discusses the Civic Federation’s FY2016 City of Chicago Budget Analysis released on October 14. The analysis supported the budget for…

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Civic Federation: $588M property tax hike won't be enough to shore up finances

This article covers the Civic Federation’s October 14 analysis of the FY2016 City of Chicago budget. The Federation supports a proposed property…

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Will the State of Illinois Run Out of Money?

With Illinois operating without a budget for more than three months, concerns have arisen about whether the State is going to run…

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Civic Federation Supports Proposed FY2016 Chicago Budget and Necessary Property Tax Increase

Cautions that plan is subject to significant uncertainty pending decisions on pension and retiree health care reform In a report released today, the Civic Federation announced its support for the City of Chicago’s proposed FY2016 budget…

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City of Chicago FY2016 Proposed Budget: Analysis and Recommendations

The Civic Federation supports the City of Chicago’s proposed $7.8 billion budget and necessary property tax increase as a long overdue action to address the City’s public safety pension funding crisis. The total proposed property tax…

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What is the General Homestead Property Tax Exemption?

On September 22, 2015, Mayor Rahm Emanuel released the City of Chicago FY2016 Budget, which includes a nearly $1.3 billion property tax levy, an increase of $427.7 million over the originally adopted FY2015 budget. The property tax levy…

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Mayor's planned property tax breaks could hurt many renters, small businesses

This piece analyzes the property tax increase and corresponding homeowner exemptions proposed by Chicago Mayor Rahm Emanuel as part of the FY2016 City budget. The Chicago Tribune’s analysis concluded owners of large rental buildings and…

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Emanuel's Budget Includes Property Tax Hike, Ride-Sharing Fees

This segment and adjoining article examine the proposed City of Chicago FY2016 budget released September 22, which includes a property tax increase to address the City’s unfunded pension liabilities. The Civic Federation said…