Less than 50 cents of every additional property tax dollar over the last 20 years went to pay for services that raise home values. Instead, the primary driver of the rise in property taxes was pension costs.
A new law will allow DuPage County to dissolve its election commission and transfer its functions to the county clerk’s office, saving taxpayers hundreds of thousands of dollars.
As Airbnb begins to remit Naperville’s hotel/motel use tax, some downstate municipalities are considering similar measures.
Dwyane Wade’s Matteson home has been on the market since May. At its current 5 percent effective property tax rate, the buyer would pay for it again in property taxes within 20 years.
A new sales tax proposed by Will County school districts would put some residents’ sales tax burden in a league with Chicago, which is home to the highest combined sales tax rate of any major city in the U.S.
Despite serving one of the most overtaxed parts of the state, a retired Kane County-area water district employee has collected millions in pension payouts over the past 20 years.
An agreement to end a dispute between the city of Harvey and two public safety pension funds provides a glimpse at the impending fiscal crises stemming from government pensions across the state.
The method by which local governments calculate Illinoisans’ property tax bills is broken. Here’s how Springfield can fix it.
Any meaningful property tax relief for Illinoisans means reforming Illinois’ unsustainable public pension system.
While a few payouts were the result of severe injuries, local taxpayers were also on the hook for settlements with workers who returned to work the very next day.
While a majority of Illinois metro areas experienced expanding payrolls in June, the state still lags the nation in post-recession jobs growth.
David St. Pierre is the latest Illinois government employee to receive a generous severance package, despite leaving under questionable circumstances.
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.