According to one estimate, Chicago Alderman Ed Burke is trying to cut the property tax bill for Trump Tower by more than $3 million.
As a continuing part of a bad deal, Chicago taxpayers will pay Chicago Parking Meters LLC $20 million.
Nearly three months removed from the initial call for review of the property tax system, Cook County Assessor Joe Berrios refuses to provide a timeline for completion and release.
The state has embarked on a plan to sell more than $6 billion of bonds in order to reduce annual interest payments and help pay off the bill backlog.
The Illinois Sports Facility Authority paid $1.6 million for a September concert at Guaranteed Rate Field, featuring Diddy and Fat Joe, even though it had to cancel the event.
Despite the potential for imposing new costs on school districts, the Illinois House of Representatives overrode Gov. Bruce Rauner’s veto on legislation mandating cursive writing instruction.
Illinois politicians will continue to hail a progressive income tax as a quick fix to the state’s poor spending habits. Don’t be tricked.
Nashville Community High School District 99’s superintendent received a $63,540 bonus after retiring amid a backlash caused by a controversial column in a local newspaper.
Illinoisans saw more than 30 percent of their income go to income taxes and property taxes from March 2015 to March 2016 – a higher share than residents of every bordering state.
In his annual budget address, Chicago Mayor Rahm Emanuel painted a rosy picture about city finances while selling more tax and fee increases.
The choice is clear: Fix Illinois, or watch its downfall accelerate.
Mayor Rahm Emanuel looks to increase costs for Chicagoans to fill budget shortfalls and failing pensions.
One change in federal tax code – and Illinois lawmakers’ response to it – could decide the economic trajectory of the state.
Growth in administrative bloat is sucking up money that would otherwise go toward the classroom and tuition grants for low-income students in Illinois’ higher education system.