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
If current population trends hold, Rock Island, Illinois, will take a back seat to Bettendorf, Iowa, within five years.
Homeowners’ 2017 property tax bills (payable in 2018) outpace the state and national average, when measured as a share of home value.
Progressive tax proposals by Illinois Democrats would punish those in Illinois’ middle class who earn $50,000 or more and make the state even less competitive with its neighbors.
Illinois’ credit rating spirals downward while residents flee to surrounding states with stronger economies and lower taxes.