With one proposal to pay off Illinois’ pension debt asking the typical homeowner to pay more than $1,900 in additional property taxes for the next 30 years, the stakes for pension reform have never been clearer.View Report
When people can’t find good job opportunities in Illinois, they are too often forced to leave. And to take their place, too few have enough confidence in the state to move in from elsewhere and build a future.
In a shrinking state, half of Illinois’ largest cities have shed population since 2010.
Residents of St. Clair and Madison Counties will soon see some of the nation’s most punishing property tax bills.
The proposed $100.8 million budget will spend millions on police and fire pensions as well as a 3 percent pay raise for city workers.
Some businesses would see license fees double, among other fee hikes meant to shore up city finances.
Belleville aldermen approved a 12 percent increase in the city’s property tax levy.
The city’s property tax levy would increase by nearly 12 percent, with most of the funding going toward police and fire pensions.
As property tax bills land in mailboxes in Madison and St. Clair counties, TIF districts sap local tax dollars.
Though the median household income in Belleville is only $43,318, Belleville Township School District 201’s top administrators are making six-figure salaries.