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
From 2005 to 2015, home values are down, property taxes are up and educational outcomes haven't seen a big improvement.
Since 1990, the owners of 671 Lincoln Avenue have paid more than $783,000 in property taxes when adjusting for inflation.
Cook County governments have now amassed $139 billion in debt, a 30 percent increase over the last 5 years.
The Illinois House’s failure to override Gov. Bruce Rauner’s veto is a victory for local leaders trying to attract good jobs for their communities.
The Illinois House failed – by just one vote – to override Rauner’s veto of SB 1905, a ban of local Right-to-Work ordinances. But the bill is likely come back for another vote.
Lawmakers supporting Illinois Senate Bill 1905 aren’t just seeking to crush the idea of worker freedom – they are seeking to harm anyone who supports it.
Cities and villages across the state are raising taxes or implementing new ones for a variety of functions, from attracting a fast-food restaurant to catching up on rising pension costs.
Consolidating governments in the collar counties could help lower residents’ high property taxes.
Lucrative compensation for government workers stands in stark contrast to the city’s budgetary struggles and a flagging local economy.
Senate Bill 3 marks an important step in the right direction for local government consolidation, but there’s more to be done.