Chicagoans know new revenues won’t be used to pay for better roads, classrooms or public safety – these tax hikes won’t even fix what’s ailing the city’s bottom line.
Illinois stands out in the Midwest for unaffordable housing – 34 percent of Illinois households spend more than 30 cents per dollar of income on housing, more than any other state in the region.
Expect Mayor Rahm Emanuel’s call for property tax hikes to be a boon for Chicago’s collar counties and Lake County, Ind. Cook County residents have been fleeing to neighboring counties for decades, and Emanuel’s proposed hikes – to prop up city pensions – will only increase the outflow. According to IRS data, Cook County lost...
Mayor Rahm Emanuel’s pension reform scheme passed through the General Assembly this week and has been moved to Gov. Pat Quinn’s desk. This plan authorizes Chicago to raise $2.25 billion in additional property taxes over the next decade. Despite this massive tax hike, the city will raise only half its legally required pension payments. Hiking...
When it comes to local taxing bodies and local property taxes, Illinois is an extreme outlier in comparison to the rest of the nation. We rank first in number of local taxing bodies, with 6,963, and have the second-highest property tax rate in the nation. But this isn’t news for Illinois residents who have looked...
Charter schools are intended to offer families more options in the public school system, but Illinois law often restricts and undermines the autonomy with which they were designed.