Nearly a third of property tax revenue in Chicago is diverted into 143 TIF districts controlled by the mayor, nearly half of which are located in affluent neighborhoods.
That’s why they call them taxes. If they were easy, they’d call them something else.
“Our property taxes went from $12,500 to $19,200 over the course of six years on this Norwood Park commercial property. And we’ve been losing money every year charging lower rent to accommodate for the property taxes. “We fight it every year, but $19,000 is the best we’ll get here. Can’t do it anymore, it’s not...
Southern Illinois University President Randy Dunn will receive a $215,000 severance package before taking a lucrative job at the university’s Edwardsville campus.
Illinois should take steps toward more accurate and frequent property assessments to ensure the tax burden is distributed as fairly as possible.
Months after an investigation found Lake Forest’s city manager to have squandered $200,000 on unauthorized lobbying payments, the north suburban official announced plans to retire next year.
Duplicative school districts and an excess of publicly funded six-figure salaries have educated Norridge-Harwood Heights taxpayers on the benefits of consolidation.
A new law gives townships the option to let voters abolish their road districts through referendum. But Algonquin Township trustees rejected a resolution that would have given taxpayers that choice.
Alton residents are paying for two overlapping units of government – the city of Alton and Alton Township. But voters will soon have the chance to slash costs by dissolving the city’s redundant township.
While Quad Cities geography connects East Moline and the Iowa cities of Davenport and Bettendorf, Illinois’ abundance of school districts means their administrative environments are worlds apart. By consolidating duplicative administrative bodies, East Moline could generate taxpayer savings.
The Land of Lincoln has some of the highest alcohol taxes in the Midwest. And Illinoisans preparing for Independence Day are feeling the pinch.
Decatur City’s city manager is on his way to take the same post in Bloomington, and with it a raise that will push his income above 49 of the nation’s 50 governors.
One year after a record-setting tax hike the state still can’t balance a budget, has done nothing to solve long-term fiscal problems and has further damaged its economic growth.
While the name of the home stadium for the Chicago White Sox has changed over the years, its status as a tax burden has not.