Following years of work by consolidation advocates, the McHenry Township board of trustees passed a motion allowing voters to decide whether to dissolve their local road district in November.
From 2005 to 2015, home values are down, property taxes are up and educational outcomes haven't seen a big improvement.
Illinois' spending on administrative costs is among the highest in the nation, sapping scarce dollars from the classroom. But a new bill would slow the growth in these expenses and align them with taxpayers' ability to pay.
State lawmakers passed into law a bill that exempts a single Chicago performance hall from a provision in Illinois state liquor law, overriding Gov. Bruce Rauner's veto. This practice of granting piecemeal exemptions is commonplace but cumbersome.
In a comparative analysis of taxes and fees in the nation's top 15 cities, Chicago won first place more times than any other city.
The state has chosen to coddle some big businesses while punishing the small.
If an Illinois worker takes a pay cut during a recession, she knows the state isn’t going to take an even bigger chunk out of her paycheck. That’s because the state income tax rate stays the same. But if her home loses value, too, she could still see her property tax bill go up. Government...
Residents of DuPage County pay some of the highest property taxes in the state - and the country. As taxpayers feel the pinch, compensation remains generous for many local officials - some have even enjoyed a boost.
A new study shows 13 percent of Chicago-area homeowners with mortgages owed at least 25 percent more than their homes were worth.
A proposal to tie state spending to what taxpayers can afford is earning bipartisan support in Springfield.
Mandating more reasonable spending growth is the first step in a journey back to solvency for Illinois. The cap provides certainty today for a more responsible state government tomorrow.
Even after a 32 percent income tax hike, the Illinois General Assembly passed a state budget in 2017 that will generate an estimated $1.5 billion deficit in fiscal year 2018. That deficit is projected to grow to $2.15 billion in fiscal year 2019, according to the Governor’s Office of Management and Budget, or GOMB. The...
Spending has consistently outpaced state tax revenues in Illinois for more than a decade. To avoid future tax hikes, Illinois must impose real fiscal discipline on state lawmakers.
A number of state and local lawmakers in Illinois practice property tax appeals litigation. But a pair of bills recently filed in the General Assembly would end their ability to benefit at the expense of taxpayers.