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
In a bipartisan effort to cut McHenry County’s local tax burden, the McHenry County Board voted overwhelmingly in favor of a pledge to cut the county tax levy by 10 percent. The board chairman has intimated he will pursue further local government consolidation efforts.
Local officials’ failure to address skyrocketing property taxes has pushed residents out of McHenry County at astonishing rates.
Lame-duck session allows lawmakers already ousted by voters to act with reckless abandon before leaving the Statehouse.
Illinois needs structural reforms to fix its fiscal problems, not a tax hike by lawmakers on their way out the door.
House Speaker Mike Madigan said on multiple occasions he had the votes to override the governor’s veto.