The Board of Trustees at Northern Illinois University granted a $600,000 severance package to outgoing university President Doug Baker, who resigned following a state investigation into his management of the university. But after a court struck down that agreement, the board is set to vote again.
Owners of Danville property will pay fees of up to $1,020 a year just for local pensions, on top of rising property tax bills.
Palatine homeowners will see higher property tax bills in order to pay for higher local pension costs, as well as a dip in state funding.
The Town Council voted unanimously for a tax levy increase, which is expected to result in higher property taxes in 2018.
With the repeal of the Cook County sweetened beverage tax, taxpayers remind elected officials who they represent.
The state is borrowing millions to finance capital construction projects and information technology improvements. But Illinoisans continue to pay for the worst credit rating of any state in the nation.
A new study shows the Windy City’s financial troubles persist, despite a series of tax increases.
The village and school district will likely raise their property tax levies.
Despite objections from faculty, one university chancellor is pressing for a campus restructuring that includes curbing the tuition-heightening costs of administrative bloat.
The Chicago Transit Authority’s latest budget proposal includes 25-cent fare hikes.
Increases in several taxes mean a higher tax bill for taxpayers.
The biggest obstacle Illinoisans face in Springfield remains the same: an all-powerful House speaker, and members of both parties who are all too eager to kowtow.
Under the guise of rehabilitating underserved communities, City Hall preps another massive tax transfer to a private company.
The Land of Lincoln received the lowest possible grade in budget forecasting and legacy costs.