While J.B. Pritzker has not released a detailed tax plan of his own, reasonable cost estimates suggest the tax hike required to pay for the candidate’s spending promises would require doubling Illinois’ state income tax rate and cost the state an estimated 132,000 jobs and $31.3 billion in forgone GDP.View Report
While often regarded as a duplicative and unnecessary unit of government, former township employees in Illinois have banked more than $273 million in pension benefits since 1998.
Avenues for state oversight for cities with financial difficulties have limited utility in the face of massive pension debt and have almost never been invoked since Springfield passed them into law in 1990.
A new law gives townships the option to let voters abolish their road districts through referendum. But Algonquin Township trustees rejected a resolution that would have given taxpayers that choice.
Local government leaders across Illinois are asking their state lawmakers to stand up against House Speaker Mike Madigan’s progressive tax push.
While details surrounding the ex-official’s separation with the village remain undisclosed to the public, trustees’ approval of his $161,000 severance package went unobstructed.
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.