Montgomery County notified some residents they will not be facing 1,400% property tax hikes as originally planned. The sticker shock stemmed from a 2007 law.
High cigarette taxes give Illinoisans a financial reason to sneak in smokes from other states. Illinois is among the 10 states with the most smuggling.
Chicago Mayor Brandon Johnson wanted a $300 million property tax hike for his big budget. All 50 aldermen said “no.” So then he asked for $150 million and a 35% tax on liquor. Johnson fails to admit it’s not about taxes, it’s about making changes.
Residents in Central Illinois are feeling sticker shock from exponential property tax growth. One woman’s $756 property tax bill is skyrocketing to $10,000 in one year.
Chicago’s 2025 budget has a nearly $1 billion hole. Mayor Brandon Johnson has only proposed tax hikes. But when personnel eats over two-thirds of the budget, the city must be smart about freezes and cuts without making public safety even worse.
Chicago faces financial meltdowns on three fronts: the city budget, Chicago Public Schools and the Chicago Transit Authority. The CTA faces a $577 million deficit, but it can be fixed.
Pekin and Normal have joined the list of local governments passing ordinances to replace the 1% statewide grocery tax when it expires.
Mayor Brandon Johnson broke a campaign promise by proposing a $300 million property tax increase to fund his $17.3 billion budget. On Thursday the city council will vote, and the signs are not good for Johnson.
Palos Park residents have a chance to save 1% on groceries starting in 2026, but the City Council is considering taking that away and taxing groceries. A series of towns are considering a local grocery tax.
The “millionaire tax” was being OK’d by Illinois voters, with 60.3% voting “yes” on the advisory question about raising taxes on residents earning over $1 million a year to fund property tax relief. The problem is, millionaires would not be the only tax targets.
Chicago Mayor Brandon Johnson’s 2025 budget proposes a nearly $1 billion deficit. High personnel and pension costs have Johnson breaking his campaign promise not to hike property taxes. Plus there’s no plan for long-term fixes.
Chicago Mayor Brandon Johnson delivered his 2025 budget Oct. 30, including a nearly $1 billion deficit, runaway spending and low revenues that have him breaking his campaign promise not to raise property taxes.