While effective property tax rates might be on the decline in some communities, census data show Illinois families are seeing a larger share of their household budgets eaten up by property tax bills.View Report
After a punishing 2017, Illinoisans are in dire need of reform from Springfield.
Statewide use of slush funds ensures it’s Christmas every day for political leaders and their chosen developers.
Under the guise of rehabilitating underserved communities, City Hall preps another massive tax transfer to a private company.
In his annual budget address, Chicago Mayor Rahm Emanuel painted a rosy picture about city finances while selling more tax and fee increases.
Cities and villages across the state are raising taxes or implementing new ones for a variety of functions, from attracting a fast-food restaurant to catching up on rising pension costs.
Wheeling village trustees have voted for a plan to use tax increment financing to build a bridge to a vacant piece of land.
The Illinois Senate passed a school funding reform bill containing the state’s first-ever tax credit scholarship program. The bill now awaits the governor’s signature.
After failing to override Gov. Bruce Rauner’s amendatory veto of Senate Bill 1, which stripped a Chicago bailout from the education funding proposal, Illinois House members voted to pass a compromise bill containing the state’s first-ever tax credit scholarship program.
Since 2006, Chicago Public Schools has been deprived of $2.5 billion in property tax revenue that has been diverted to Chicago TIF districts.
Lawmakers concerned with fairness within Illinois’ education system should eliminate discriminatory subsidies.