The years 2010 through 2019 will go down in Illinois history as a decade of public policy failure and economic decline. High fixed costs for pensions and government worker health care have prevented the state from balancing its budget in any year since 2001. Since the Great Recession in 2008, the state’s fiscal imbalance has...View Report
Without true pension reform, Sangamon County homeowners will only continue to see the gap between their property taxes and home values grow.
Voters decided Sangamon County school building improvements were worth boosting Springfield’s sales tax to among the highest in the nation. The 1 percent sales tax hike will take the total to 10.75 percent at some stores.
A proposed 1 percent sales tax for school facilities improvements would bring the city of Springfield’s combined sales tax rate to 9.75 percent – among the highest in the nation.
A ballot question asking voters whether to eliminate Capital Township could bring savings to Springfield taxpayers – but that would just be one of many steps worth taking to lower Springfield’s high property taxes.
With pension debt straining city finances, local politicians have insisted on turning to its declining population for more tax revenue.
Sangamon County billed homeowners $215 million in 2017. This meant owners of a $127,000 Springfield home had a $2,600 property tax bill.
Illinoisans from all areas are leaving the state in droves, and Springfield lawmakers need look no farther than the state capital to see the proof.