Mayor Lori Lightfoot Says 2020 Budget Plan Doesn't Include Large Property Tax Hike, But Needs Help From SpringfieldThe mayor's plan relies on the Illinois General Assembly to approve a graduated real estate transfer tax, revisions to the Chicago casino plan, and statewide pension reform.
Emanuel's Plan To Fund Pensions: Amending The State ConstitutionChicago needs 276 million for police and fire pensions. And in 2022, another 310 million for municipal pensions.
Police And Firefighter Layoffs In HarveyThe layoffs this week of 18 firefighters and 13 police officers came after a court ordered pension payment Harvey can't afford to make.
Latest Illinois Borrowing Has Upside, Watchdog SaysInterest on the latest loans to pay down bills is better than paying late-penalty fees, the leader of the Civic Federation says.
Groups Slam State Lawmakers For 'Nonsense Of Not Having A Budget'Civic Federation President Laurence Msall said the state’s credit rating is “a national embarrassment” as a result of the budget impasse.
With Grand Bargain Still Iffy, Watchdog Calls Rauner Budget IncompleteThe Civic Federation has issued an 86-page report on the governor’s 2018 budget plan, and has said the proposal falls short.
Expert: Possible Thompson Center Sale Is Small, Positive SignThe move by Illinois House Speaker Michael Madigan to advance the possible sale of the Thompson Center is a positive sign, according to the head of the Civic Federation.
Watchdog Sees "Good News Budget" From Mayor, But Still Seeking DetailsA leading government financial watchdog has said Mayor Rahm Emanuel gave the City Council a “good news budget,” but said there are still some open questions about the 2017 spending plan.
Civic Federation Opposes Rauner's 'Insufficiently Detailed' BudgetA budget watchdog group has criticized Gov. Bruce Rauner’s spending plan for this year as being underfunded and unrealistic.
Gov. Rauner To Give Budget Address As Stalemate ContinuesAfter eight months of operating without a budget, tomorrow Governor Rauner outlines his state spending plan for next year.
Civic Federation: Higher Taxes, Spending Limits Needed To Fix State BudgetA research group has offered a laundry list of suggestions to help pull Illinois government out of its financial mess.
Civic Federation Backs Emanuel Property Tax Hike, But Has ConcernsA respected financial watchdog group has thrown its support behind Mayor Rahm Emanuel’s budget plan, but it comes with a warning.
Expert Says Potential City Property Tax Increase "Not Going To Be Enough" A top Chicago city official agrees with budget experts that a possible property tax hike alone will not end the city's financial crisis, reports WBBM Political Editor Craig Dellimore.
Emanuel To Seek $500M Property Tax HikeMayor Rahm Emanuel will seek a massive property tax hike later this month, as he seeks to shore up police and firefighter pension funds, and close a $750 million budget hole.
Civic Federation: Many Of Rauner's Proposed Cuts Not "Achievable Or Prudent"A respected budget watchdog group has come out with a sharply critical analysis of Gov. Bruce Rauner’s fiscal plan for Illinois.