A plan that allowed some pension enrollees to cash in early on their earned retirement benefits in exchange for curbing future benefits has so far generated only 3% of its expected savings.

TAGS: municipal pensions, pension guarantee, pensions, property taxes, SERS: State Employee Retirement System, SURS: State Universities Retirement System, taxes, TRS: Teachers’ Retirement System

Illinois home values down 21%, property taxes up 9% since 2007

By Orphe Divounguy, Bryce Hill

07/19/2019

Without serious property tax relief – including pension reform – it is likely fewer will demand planting roots in Illinois.

TAGS: home values, property taxes, taxes

Illinois lawmakers pitch bogus property tax freeze to sell Pritzker’s ‘fair tax’

By Vincent Caruso

07/01/2019

Property tax increases cannot be capped without addressing the costs driving high property taxes. Some lawmakers are ignoring that to draw support for Gov. J.B. Pritzker’s progressive tax.

TAGS: fair tax, income tax, JB Pritzker, progressive income tax, property taxes, taxes

Illinois’ rich millennials are moving to other states

06/23/2019

Youthful wealth, energy and talent that could help Illinois recover is leaving the state at the nation’s second-highest rate. State leaders’ thirst for new taxes will make the problem worse.

TAGS: fair tax, income tax, jobs, millennials, outmigration, progressive income tax, property taxes, taxes

Pension costs push Metro East property taxes up, as population shrinks

06/17/2019

Residents in Illinois’ Metro East area are fleeing a growing property tax burden, fueling regional population loss.

TAGS: Madison County, Metro East, municipal pensions, pension guarantee, pensions, property taxes, St. Clair County, taxes

Land of 1,000 shrinking communities

By Bryce Hill

05/24/2019

Illinois’ lost people problem spreads to more than 1,000 communities in 2018

TAGS: fair tax, income tax, JB Pritzker, outmigration, population, progressive income tax, property taxes, taxes, U.S. Census Bureau

property taxes

McHenry County home values down 33%, property taxes up 0.4% since recession

Cook County commission exploring property tax hike despite depressed home values

Lake in the Hills approves over 9% hike to police pension levy

Cook County home values down 31%, property taxes up 22% since 2007

Illinois pension buyout program delivers just 3% of projected savings

Illinois home values down 21%, property taxes up 9% since 2007

Illinois lawmakers pitch bogus property tax freeze to sell Pritzker’s ‘fair tax’

Illinois’ rich millennials are moving to other states

Pension costs push Metro East property taxes up, as population shrinks

Land of 1,000 shrinking communities

Chicago Forward 2026: A pro-growth plan to end city budget deficits

Report Archive

Diana Graham

Process for unionizing non-state workers raises red flags

CBS Chicago: Illinois’ highest-paid superintendent receives $400K per year to oversee 1,200 students