While J.B. Pritzker has not released a detailed tax plan of his own, reasonable cost estimates suggest the tax hike required to pay for the candidate’s spending promises would require doubling Illinois’ state income tax rate and cost the state an estimated 132,000 jobs and $31.3 billion in forgone GDP.View Report
Property taxpayers in St. Clair County have seen home values swamped by property taxes over the past 20 years.
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.
As Illinois struggles to address its people problem, population loss has plagued communities across the Land of Lincoln. But the shrinkage in some areas has been more severe than others.
Illinois has more units of local government than any other state in the country, many of which are duplicative and overlapping. In Belleville, where the majority of the city’s school districts cover fewer students than the state average, consolidation efforts could boost efficiency while saving taxpayer dollars.
Many school district employees’ earnings are more than double that of the typical Belleville household.
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.