If an Illinois worker takes a pay cut during a recession, she knows the state isn’t going to take an even bigger chunk out of her paycheck. That’s because the state income tax rate stays the same. But if her home loses value, too, she could still see her property tax bill go up. Government...View Report
State and local tax hikes in Illinois have hurt economic growth, lowered the standard of living, and contributed to out-migration.
Trustees in Rosemont, Ill., voted to hike their mayor’s salary to $260,000 – a 53 percent raise.