The former leader of a wealthy school district is receiving a massive pension boosted by a pair of 20% raises given during her final two years. Illinois needs pension reform.
Property taxes in Illinois are nearly double the national average. Until state lawmakers trim down thousands of local governments and pursue pension reform, those bills wills remain high.
Consolidating Illinois’ nearly 7,000 units of local government could help provide local property tax relief. One bill aims to consolidate mosquito abatement districts.
The probe potentially opens up a new front in authorities’ investigation of House Speaker Mike Madigan: the property tax appeals game from which he has made millions.
No longer are two guys in stocking caps attacking the Winnetka house made famous in the holiday movie, but property taxes and declining home values are still robbing the owners.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.