The Chicago suburb’s decision to raise the levy will result in a 3.1 percent hike in the city’s portion of property tax bills, marking the first such increase in four years.
Seeing rising pension costs, a decline in state assistance, and a new state tax-collection fee, in 2018 the village plans to raise the property tax levy 4.9 percent and make a 1.2 percent cut to the village’s budgeted revenues, in addition to a 1.7 percent spending cut.
A new investigation by the Chicago Tribune and ProPublica Illinois reveals the mismanagement of the Cook County property tax system, and the politically connected firms who profit from it.
A 2018 budget proposal for Elgin includes a new gas tax, an increase in water and sewer rates, and other tax hikes.
The city’s property tax levy would increase by nearly 12 percent, with most of the funding going toward police and fire pensions.
The Northern Illinois University Board of Trustees approved an expensive severance package for former university President Doug Baker, despite the scandal ending his tenure.
As its population and tax base erode, the city of Decatur passed a budget for fiscal year 2018 more than $3 million in the red.
The Board of Trustees at Northern Illinois University granted a $600,000 severance package to outgoing university President Doug Baker, who resigned following a state investigation into his management of the university. But after a court struck down that agreement, the board is set to vote again.
Owners of Danville property will pay fees of up to $1,020 a year just for local pensions, on top of rising property tax bills.
Palatine homeowners will see higher property tax bills in order to pay for higher local pension costs, as well as a dip in state funding.
The Town Council voted unanimously for a tax levy increase, which is expected to result in higher property taxes in 2018.
With the repeal of the Cook County sweetened beverage tax, taxpayers remind elected officials who they represent.
The state is borrowing millions to finance capital construction projects and information technology improvements. But Illinoisans continue to pay for the worst credit rating of any state in the nation.
A new study shows the Windy City’s financial troubles persist, despite a series of tax increases.