A progressive tax proposal in the Illinois House would raise taxes on an overwhelming majority of families already struggling with some of the highest tax burdens in the nation.
Madison County voters have rejected a proposed 1 percent sales tax hike twice before. Will the third time be a charm?
In Illinois, hundreds of municipal workers earn more than every state governor. The city manager of Lake Forest is the second-highest paid city manager in the state.
The Illinois side of the Quad Cities is already seeing population loss as residents pack up and leave high tax burdens behind.
University of Chicago researchers have found inaccurate and unfair assessments by the Cook County Assessor’s Office led to $800 million of the property tax burden shifting from owners of Chicago homes in the top 10 percent (by sale price) to owners of homes in the bottom 70 percent.
Advocates for a progressive income tax claim to offer relief for middle-class families. But that doesn’t jive with real proposals in Springfield or lawmakers’ spending habits.
A recent study confirms what too many Illinoisans have discovered firsthand: that they’re among the most overburdened taxpayers in the country.
Tax increment financing creates elusive troves of property tax “gold” – by depleting funds from local governments the mechanism intends to serve.
Efforts to add an Amtrak train stop in Lake Forest have been plagued by a series of setbacks for a project now estimated to cost more than $13.4 million.
Madison County voters have twice turned down a proposed sales-tax hike to fund school facilities projects, but the proposal will appear again on March primary ballots. If approved, shoppers in Collinsville and Granite City would see some of the highest sales tax rates in the country.
Despite residents seeing some of the highest property tax bills in the state, the Wheeling Board of Trustees approved a preliminary agreement giving a developer nearly $7 million to build apartments and retail space in the village.
“We searched for a house for about a year. We looked at horrible houses, but we were willing to do the work to build the house into something. This house was a disaster. We did a lot of renovations. We did the whole house. “We invested a lot into the house, and we enjoyed it...
If Illinois adopted Virginia’s spending habits along with policies that can reduce costs and raise home values, the Prairie State could vastly reduce the property tax burden that Illinois homeowners currently face.
House Bill 5816 would put all Rock Island County property taxpayers on the hook for costs at the Quad City International Airport.