Linda Ekendahl hoped buying property for her business would be the best move – until her $30,000 property tax bill came. Another tax hike under Amendment 1 would further damage her business.
Halloween shoppers can expect to spend 13% more on treats this October than last season, marking the largest-ever single-year jump in candy prices. Illinois’ tax system this year lets treaters save some dough by picking candy with flour.
U.S. House Ways and Means Committee members wrote Gov. J.B. Pritzker asking for repayment of a $1.3 billion federal unemployment insurance fund loan before Nov. 10. Failing to do so means automatically raising taxes on businesses.
A review of Gov. J.B. Pritzker’s term in Illinois’ highest office examines his track record beyond the campaign rhetoric. The second and final gubernatorial debate with opponent Darren Bailey is Oct. 18.
Gov. J.B. Pritzker’s election-year budget includes one-time property tax rebate checks so far averaging $200 per homeowner. Only a fraction of the rebate checks have been mailed.
OPEC decided to slow down oil production. Every state can expect higher gas prices, but Illinois taxes make the pain worse.
Gov. J.B. Pritzker took the debate stage claiming property taxes in Illinois have gone down thanks to his administration. In truth, the average Illinois family is paying over $2,000 more in property taxes than before he took office.
Statewide commercial property tax extensions are on pace to total $11.3 billion by 2026. Amendment 1’s expansion of government union power would likely accelerate that $1.8 billion increase.
Illinois will contribute $450 million to the Unemployment Insurance Trust Fund. With $1.4 billion in debt remaining, Illinois businesses are on the hook if lawmakers don’t meet the Nov. 10 deadline.
The Arlington Heights Board voted unanimously to reject a citizen proposal to stop them from subsidizing the $5 billion Bears stadium development with taxpayer funds. Petition sponsors said they will pursue a ballot question.
DuPage County consolidated seven taxing bodies to streamline government. The move will save $100 million for taxpayers over two decades.
Both forest preserve leaders and government unions are asking Cook County voters for more property taxes on Nov. 8.
Chicago Mayor Lori Lightfoot unveiled her 2023 budget proposal and deleted a $42.7 million property tax hike originally tied to inflation.
“I hope the property taxes don’t push me out into that level where I’m going to have to move because moving a business is also expensive. I’m hopeful it will work out, but I might have to be creative.”