Homeowners in half of Illinois’ 102 counties saw their property taxes grow faster than inflation from 2018 to 2022. The median bill rose $756 in that time.
The Chicago Teachers Union is seeking a $543k property tax cut that would take about $301K from the schools where its members teach. CTU’s also making over $10 billion in contract demands, which would certainly drive up Chicagoans’ tax bills.
Here are data snapshots of Illinois communities, schools and government. See how well your tax dollars are performing in your city, county or school compared to others.
Video gaming already generated $428 million in tax revenue so far in 2024. Part of Gov. J.B. Pritzker’s new Illinois state budget relies on more revenue from video gaming machines. The tax hike started July 1.
Illinois state lawmakers’ spending plans came in $410 million higher than what Gov. J.B. Pritzker originally proposed. Taxpayers will be forced to pay $1.1 billion more so Illinois can spend record amounts in fiscal year 2025.
The typical racing fan will pay an extra $22 for general admission to Chicago’s NASCAR “Street Race Weekend” thanks to the city’s amusement tax. Luxury seating could cost residents more than the price of a standard ticket in taxes alone.
In 2020, 70% of Chicago voters approved the failed statewide progressive income tax. But on March 19, they rejected Mayor Brandon Johnson’s real estate transfer tax hike. This is a resounding defeat for Johnson and his allies in the Chicago Teachers Union.