Chicago's Budget: What Are Residents Paying For?Facing an unprecedented $1.2 billion shortfall for next year, Mayor Lori Lightfoot on Wednesday proposed a $94 million property tax hike, a 3 cents per gallon increase in the city's gas tax, hundreds of layoffs, and eliminating nearly 2,000 vacant positions.
Ads For And Against Illinois Graduated Income Tax Proposal Are Ubiquitious, So What's The Truth?We’re being bombarded by them – ads for and against the graduated income tax proposal for Illinois that will be on the ballot next month.
How Did Illinois See An Increase In July Tax Collections During The Pandemic? 'July Was Not A Normal Month'CBS 2 Morning Insider Lauren Victory made some interesting finds in the state's revenue report released this week.
State Budget That Depends On Federal Help, Other Pieces Of Legislation Now Await Gov. Pritzker's SignatureIllinois state lawmakers were back home in their districts for the holiday Monday, after a whirlwind of a special session in Springfield. Two of the winners after votes were cast were the City of Chicago and state restaurant and bar owners.
Civic Federation's Laurence Msall: Staggering Unemployment Claims Will Put Major Strain On Illinois, Chicago BudgetsThe math is staggering – according to the U.S. Department of Labor, there were 114,663 unemployment claims in Illinois alone last week amid the coronavirus crisis.
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.