A bill in the Illinois House seeks to transfer policing authority from the Cook County Forest Preserve District to the Cook County Sheriff’s Office, potentially saving taxpayers millions.
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.
Chicago homeowners will see their property tax bills rise by an average of $110 this summer. But suburban residents and business owners should also prepare for a hike.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.