The ratings agency also warns that another downgrade could be coming if the state doesn’t enact serious reforms to improve its fiscal condition.
“I was born and raised in Illinois. We’ve been living here in Lake County for 16 years, my husband and I. But our property taxes have gone up $5,000 over the past four years. The property taxes are now more than our mortgage – we’re paying more than $15,000 a year on a home we...
Implementing a taxpayer bill of rights could prevent Cook County Board President Toni Preckwinkle from increasing the county’s already-high tax burden.
Some steps have been taken to dissolve unnecessary units of governments, but taxpayers need an easier path to eliminate wasteful governmental bodies.
The outgoing CSU president’s exorbitant severance package highlights the need to rein in Illinois universities’ high administrative costs.
Limiting how much units of government can raise taxes could provide much-needed relief for overtaxed Illinoisans.
Proposed water and sewer tax hikes hit struggling city residents the hardest.
Illinois’ unpaid bills could reach new highs by summer 2017.
Chicago Public Schools officials had an opportunity to enact serious reforms addressing the district’s dire financial condition, but they instead opted to further burden Chicago taxpayers without offering any change.
A new law signed by Gov. Bruce Rauner on Aug. 5 gives McHenry and Lake counties the authority to consolidate and dissolve units of local government within their boundaries, a power granted to DuPage County in 2013.
An Atlanta, Ga., suburb might be a model for saving taxpayers costs while providing high-quality services.
Illinois Comptroller Leslie Munger wants to tie politicians’ pay to a balanced budget.
Illinois had the fourth-highest combined state and local tax burden as a share of state income in the country.
Trustees in Rosemont, Ill., voted to hike their mayor’s salary to $260,000 – a 53 percent raise.