City Reduces Budget Deficit but Long-Term Challenges Remain
The City of Chicago recently released its mid-year Annual Financial Analysis for 2016, which provides financial estimates for the City’s fiscal year ending…
The City of Chicago recently released its mid-year Annual Financial Analysis for 2016, which provides financial estimates for the City’s fiscal year ending…
One year after passing the Illinois General Assembly, a bill that puts the City of Chicago’s Police and Fire pension funds on a 40-year plan to reach 90% funding…
The City of Chicago and Cook County recently joined a number of states nationwide in a move to exempt female hygiene products from the sales tax. At the Local Level On March 16, 2016 the Chicago City Council…
The Civic Federation co-hosted a conference with the Federal Reserve Bank of Chicago on April 4, 2016 entitled, “Medicaid Expansion and the Affordable Care Act: A Fiscal Checkup.” Experts, practitioners and academics from around the…
This annual brief provides a compilation of selected consumer taxes, including rates and descriptions, in place in the City of Chicago as of May 1, 2016. It includes such taxes as the sales tax, amusement tax, lease tax, hotel tax,…
Consumers of electronic cigarettes in the City of Chicago and Cook County as a whole will pay new taxes in 2016. As part of their FY2016 budget processes the City of Chicago and Cook County both expanded their taxes on tobacco products to…
Short-term or current liabilities are financial obligations that must be satisfied within one year. They can include short-term debt, accounts payable, accrued payroll and other current liabilities. This blog post presents five-year…
The following are the five most read posts presented by the Civic Federation blog in 2015. These posts examine a number of closely followed local government issues, ranging from City and County taxes to Chicago pension debt. …