Due to its poor financial health and lagging economy, Illinois carries unique economic and fiscal risks from a prolonged market downturn or recession. The state must act now to mitigate harm from COVID-19.View Report
Hiding lobbyist payments led to a felony indictment in October against Lake Forest’s longtime former city manager. His plea bargain drops the felony and could eventually leave his record clean.
Home price appreciation in Illinois was the slowest in the U.S. between the third quarter of 2018 and the third quarter of 2019, federal data showed.
Will County became the first county to use new taxing authority under Illinois Gov. J.B. Pritzker’s capital plan, adding a new countywide gas tax of 4 cents per gallon atop state and local gas taxes.
As property tax bills hit Lake County mailboxes, residents get a stark reminder that Illinois needs pension reform, not higher taxes.
While progressive tax proponents champion their “tax on the rich,” middle-income families in Lake County – home to the state’s highest property taxes – could see a big tax hike under income tax models praised by Illinois Gov. J.B. Pritzker.
A proposed 1 percent sales tax would have increased the village of Barrington’s sales tax burden to among the highest in the nation.
An idea to fix Illinois’ fiscal woes with a statewide property tax made headlines in May. Voters in Lake County will be asked whether state lawmakers should have the power to impose such a tax.
Gov. Bruce Rauner vetoed a measure that would let Lake County voters elect an assessor, suggesting that it apply to all counties instead.
Lake County residents pay some of the highest property taxes in the nation – a burden driven by the growth in pension costs over the last 20 years.
Months after an investigation found Lake Forest’s city manager to have squandered $200,000 on unauthorized lobbying payments, the north suburban official announced plans to retire next year.