Illinois’ Prevailing Wage Act has no place in the 21st century. Policymakers should enact fair and competitive construction laws that give all individuals who are willing to work a fighting chance.View Report
The Chicago suburb’s decision to raise the levy will result in a 3.1 percent hike in the city’s portion of property tax bills, marking the first such increase in four years.
Seeing rising pension costs, a decline in state assistance, and a new state tax-collection fee, in 2018 the village plans to raise the property tax levy 4.9 percent and make a 1.2 percent cut to the village’s budgeted revenues, in addition to a 1.7 percent spending cut.
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.
Owners of Danville property will pay fees of up to $1,020 a year just for local pensions, on top of rising property tax bills.
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.
A new city proposal would have owners of Danville property pay fees of up to $1,020 a year just for public safety pensions.
While 2017 was a bad year for Illinois taxpayers, there are bright spots among the bills that passed the General Assembly.
Recently released data shows retirees outpacing active employees, adding pressure to an already stressed pension fund.
Despite increases in city contributions to both its police and fire pension funds, Normal, Illinois’, unfunded police and fire pension liabilities are growing.