Without property and income tax relief, housing in Illinois will continue to be less attractive, Illinois’ population is likely to continue its decline and housing price appreciation can be expected to continue to lag the rest of the nation.View Report
One former Schaumburg Park District employee alone has accumulated more than $1 million in pension benefits after retiring at age 55.
Park district documents reveal multiple employees making six-figure salaries.
The defined-benefit pension system threatens the retirement security of government workers, as well as the pocketbooks of overburdened taxpayers.
Village officials in Schaumburg are pushing for $512 million in new property taxes via a Tax Increment Financing, or TIF, district. The taxes would be used to create an entertainment district north of Woodfield Mall. But it’s not just people who pay property taxes in Schaumburg who would foot the bill. TIF districts cause property...