Illinois’ pension crisis has been a growing problem for decades, and its negative effects on state residents are well documented.1 Economic fallout from the COVID-19 pandemic and related government shutdown orders threaten to bring that long-running crisis closer to its breaking point. The state’s five pension systems collectively held nearly $139 billion of debt at...View Report
The probe potentially opens up a new front in authorities’ investigation of House Speaker Mike Madigan: the property tax appeals game from which he has made millions.
The Democratic nominee in the Cook County assessor’s race is voicing support for a ban on city aldermen doubling as property tax appeals attorneys, an arrangement that encourages conflicts of interest.
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.
University of Chicago researchers have found inaccurate and unfair assessments by the Cook County Assessor’s Office led to $800 million of the property tax burden shifting from owners of Chicago homes in the top 10 percent (by sale price) to owners of homes in the bottom 70 percent.
Countywide elected officials would be barred from working as registered lobbyists or owning a lobbying firm under a new bill in the General Assembly.
A new study confirms Cook County's broken property tax assessment system causes owners of lower-value homes to bear a disproportionate share of the tax burden.
A number of state and local lawmakers in Illinois practice property tax appeals litigation. But a pair of bills recently filed in the General Assembly would end their ability to benefit at the expense of taxpayers.
An order currently under consideration by Chicago City Council challenges the assessments of seven properties, four of which have been the subject of property tax appeals by the law firms of Chicago Alderman Ed Burke or Illinois House Speaker Mike Madigan.
Alderman Ricardo Munoz's proposal highlights seven expensive properties in or around the Loop that aldermen contend were underassessed, shifting the property tax burden to other property owners.
Illinois House Speaker Mike Madigan, Senate President John Cullerton and state Rep. Robert Martwick are all involved in the clout-heavy cottage industry of property tax appeals.