Cities and villages across the state are raising taxes or implementing new ones for a variety of functions, from attracting a fast-food restaurant to catching up on rising pension costs.
The average salary for Cook County workers has far outpaced that of the typical Cook County household since 2001, and that’s contributed to the county’s fiscal ills.
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.
Until Illinois lawmakers get serious about economic growth, don’t expect the state’s jobs trend to get off the depressing path it’s been treading for years.
A new property tax hike worth as much as $148 million is set to hit Chicagoans as part of the latest school funding proposal. That’s on top of the record-breaking property tax hikes Mayor Rahm Emanuel approved in 2015 and a litany of other city and county taxes and fees.
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.