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
A 2018 budget proposal for Elgin includes a new gas tax, an increase in water and sewer rates, and other tax hikes.
As its population and tax base erode, the city of Decatur passed a budget for fiscal year 2018 more than $3 million in the red.
Palatine homeowners will see higher property tax bills in order to pay for higher local pension costs, as well as a dip in state funding.
Lucrative compensation for government workers stands in stark contrast to the city’s budgetary struggles and a flagging local economy.
The new taxes are planned to pay for road maintenance and improvement as well as general use. As is the case in communities throughout Illinois, pension costs are crowding out other spending in Oswego.
A decade-old, 18-story, taxpayer-funded hotel in the village of Lombard is headed for bankruptcy, proving to be a misguided investment of taxpayer dollars.
High-priced government workers cost taxpayers in Illinois $10 billion a year, with municipal managers in areas surrounding Chicago reaping the most benefits.
While the Better Government Association has claimed Illinois’ budget contains no fat to trim, a deeper analysis reveals the state has many areas of expensive inefficiency to reform in state and local government costs, the Medicaid program and K-12 education.
Illinois needs to enact structural spending reforms to avoid following Puerto Rico down the path to insolvency.
Local officials’ failure to address skyrocketing property taxes has pushed residents out of McHenry County at astonishing rates.