Chicago homeowners on the South and West Sides are bracing for huge property tax hikes, driven by surging assessments and government spending tied to pensions.
Chicago lost nearly 1-in-5 businesses between 2015 and 2024, translating to nearly 11,200 fewer businesses operating in the city. Of the city’s 98 neighborhoods, 80 lost 10% or more of their businesses. Mag Mile lost 41% of its stores.
The vote is over on the Chicago Public Schools budget. It dodged some immediate problems, but the financial mess will continue. Taxpayers will feel the pain long into the future.
Chicago’s high commercial property taxes hurt both businesses and homeowners. The result is less business, fewer jobs and growing inequality across communities.
Occupational licensing requirements present one of the steepest barriers to low-income Illinoisans starting careers in beauty services. Illinois requires anyone seeking to become a barber, cosmetologist, nail technician or hair braider to obtain a state license, essentially a permission slip to work. Unlike 45 other states, Illinois offers only one pathway to licensure for each...