Due to its poor financial health and lagging economy, Illinois carries unique economic and fiscal risks from a prolonged market downturn or recession. The state must act now to mitigate harm from COVID-19.View Report
Will County became the first county to use new taxing authority under Illinois Gov. J.B. Pritzker’s capital plan, adding a new countywide gas tax of 4 cents per gallon atop state and local gas taxes.
Without true pension reform, property taxes are only bound to continue eating at Will County homeowners.
County leaders may exercise new taxing authority from Gov. J.B. Pritzker’s capital plan. Illinois already doubled its portion of the gas tax, pushing the total burden to No. 3 in nation.
A new sales tax proposed by Will County school districts would put some residents’ sales tax burden in a league with Chicago, which is home to the highest combined sales tax rate of any major city in the U.S.
Homeowners in Chicago’s collar counties faced some of the highest average property tax bills in the state in 2017.
A progressive tax proposal in the Illinois House would raise taxes on an overwhelming majority of families already struggling with some of the highest tax burdens in the nation.
High-priced government workers cost taxpayers in Illinois $10 billion a year, with municipal managers in areas surrounding Chicago reaping the most benefits.
Cook County’s population has dropped by 2,030 since 2011, driven by the out-migration of over 230,000 residents, on net.