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Taxonomy

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Tax Policy

By reforming state and local taxation, the region would benefit from new policies that help to advance rather than undermine GO TO 2040 goals. Tax policy should encourage local decisions that make effective use of land, generate good jobs, and trigger sustainable economic activity. 

Tax Policy Updates

Policy Updates  

April 7, 2014

TFIC Releases $1.8 Billion Proposal for State Transportation Funding

The Transportation for Illinois Coalition proposal would support both pay-as-you-go spending and bonding for state transportation needs. Read More About TFIC Releases $1.8 Billion Proposal for State Transportation Funding
April 2, 2014

Updating the GO TO 2040 Implementation Action Areas

The GO TO 2040 update process has allowed CMAP to enhance the alignment of plan recommendations with responsible parties to reflect progress and other variables. Read More About Updating the GO TO 2040 Implementation Action Areas
March 28, 2014

Governor's Budget Address

Governor Quinn's FY15 budget proposal would affect GO TO 2040 priorities for tax policy and infrastructure. Read More About Governor's Budget Address
March 27, 2014

Civic Federation Releases Plan to Balance State Budget

The Civic Federation released its FY 2015 budget roadmap for Illinois, which would eliminate the State's $5.4 billion backlog of unpaid bills. Read More About Civic Federation Releases Plan to Balance State Budget
March 19, 2014

Report Analyzes Illinois Corporate Income Tax Payments

A Taxpayers' Federation of Illinois and Illinois Chamber of Commerce report looks at the roles that tax deductions and credits play in reducing tax liability. Read More About Report Analyzes Illinois Corporate Income Tax Payments
February 18, 2014

Selecting and Updating GO TO 2040 Indicators

The GO TO 2040 comprehensive regional plan established a series of indicators and related targets to gauge implementation progress. As described previously , CMAP has initiated an update to... Read More About Selecting and Updating GO TO 2040 Indicators
January 31, 2014

Springfield Update on State of the State Address and CMAP 2014 Legislative Agenda and Framework

Legislators convened in Springfield for the second spring session of the 98 th Illinois General Assembly on January 28, 2014.  This Springfield Update discusses the Governor's State of the... Read More About Springfield Update on State of the State Address and CMAP 2014 Legislative Agenda and Framework
January 30, 2014

Examining the Fiscal and Economic Impacts of Local Development Decisions

Land use decisions by local governments have profound effects not just for their communities, but also for the region as a whole.  By understanding both the local and regional implications... Read More About Examining the Fiscal and Economic Impacts of Local Development Decisions
January 29, 2014

Sales Tax Rebate Database Analysis Highlights Prevalence of Rebate Agreements in Metropolitan Chicago

The structure and duration of sales tax rebate agreements greatly influence the level of public funds local governments use to attract and retain businesses and developments.  CMAP's... Read More About Sales Tax Rebate Database Analysis Highlights Prevalence of Rebate Agreements in Metropolitan Chicago
September 25, 2013

Using Indicators to Chart Progress toward a More Transparent Regional Tax System

GO TO 2040 calls on CMAP to track indicators and set targets on the efficiency, equity, and transparency of the state and local tax system.  This is the third in a series of Policy... Read More About Using Indicators to Chart Progress toward a More Transparent Regional Tax System
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Regional Tax Policy Task Force Advisory Report

Created by the CMAP Board to make recommendations on state and local tax policy matters addressed in GO TO 2040, the Regional Tax Policy Task Force met from April 2011 to January 2012. It was charged with advising the CMAP Board on issues central to state and local fiscal policy, viewed through the lens of the regional economy, sustainability, equity, and the connections between tax policies and development decisions. The task force existed to advise the CMAP Board and had no statutory or independent authority. After ten meetings and extensive staff-supported research, the task force prepared an advisory report, which the CMAP Board received at its regularly scheduled monthly meeting on February 8, 2012.

Local Economic Development Incentives Report

A CMAP report, Examination of Local Economic Development Incentives in Northeastern Illinois, analyzes how local governments use incentives to attract or retain businesses such as retail stores, auto dealerships, corporate offices, and manufacturing or warehousing industries or encourage the redevelopment of underutilized sites and the construction of affordable housing and mixed-use development. Although 202 out of 284 municipalities in northeastern Illinois are using economic development incentives, their impact is not widely understood. To determine their prevalence, structure, and goals -- along with their effects on development in the region -- CMAP studied the following incentives: sales tax rebates, tax increment financing (TIF) districts, property tax abatements, and property tax incentive classifications unique to Cook County.

Decoding Property Taxes & Classification

Property taxes are among the policies that CMAP is evaluating after a regional task force on state and local tax policy submitted an advisory report to the CMAP Board. The first of two-part issue brief explains how property taxes are determined throughout the region, providing details of how property taxes pay for services delivered by particular units of government.

Cook County Property Tax Classification

The second in this two-part issue brief highlights how phasing out this system could make established communities more attractive for redevelopment and infill of vacant or underutilized land.

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