The mayor’s Chicago budget plan includes a $76.5 million property tax hike despite $3.5 billion in federal aid and funds permanent programs with temporary revenues but includes no push to fix pensions.View Report
Despite so much of the property tax share going to public pensions, there is still a huge unmet pension debt. The average Rock Island household owes nearly $40,000 to state and local pensions.
While progressive tax proponents champion the measure as a “tax on the rich,” middle-income families in Rock Island County could see a tax hike under the income tax models praised by Illinois Gov. Pritzker.