Under the old state statute that limited the property tax rates of the Chicago Public Schools, Tax Increment Financing directly restricted property tax revenues available to CPS because it froze part of the equalized assessed value (EAV)—…
Chicago Public Schools has received almost $400 million in Tax Increment Financing revenue from the creation of the first City of Chicago TIF in 1984 through July 2009 and is scheduled to receive over $491.3 million more according to…
The financial condition of U.S. municipalities continues to deteriorate, according to the recently-released 24th annual City Fiscal…
This article discusses the Civic Federation’s analysis of DuPage County’s proposed FY2010 budget plan. It mentions the Federation’s support for the budget and quotes County Board Chairman Robert Schillerstrom, who says that the County may…
This article about Cook County’s FY2010 proposed budget and the efforts to rollback the County’s one cent sales tax increase from 2008 quotes the Civic Federation. The Federation says the high Cook County sales tax rate hinders business…
The Civic Federation supports the Chicago Transit Authority’s (CTA) proposed FY2010 budget of $1.29 billion. Facing significant public funding short falls, CTA plans to close its $300.9 million deficit with fare increases ranging from 25…
The Civic Federation supports the Chicago Transit Authority’s proposed $1.29 billion FY2010 budget as an evenhanded response to significant declines in available revenues. The CTA will employ administrative cuts, fare increases, and…
Last week Cook County…
(CHICAGO) The Civic Federation opposes the proposed $3.0 billion FY2010 Cook County operating budget because it relies on an unnecessary one percentage point sales tax increase and makes little attempt to implement cost savings or…
