The proposal comes a year after mayor pledged to provide relief to residents from regressive fees. She said the move is about safety, but Chicago is seeking cash.
Cook County property taxes have grown at triple the rate of the cost of living. The “fair tax” backers promise it will bring property tax relief, but the evidence refutes their claim.
While acknowledging the harm it would do to the state economy and working Illinoisans, Lt. Gov. Juliana Stratton claimed lawmakers would be ‘forced’ to look at hiking everyone’s taxes due to the budget crisis.
The sweeping federal corruption investigation threatens to derail Gov. J.B. Pritzker’s progressive tax hike amendment, which voters will decide Nov. 3.
Jeffrey Tobolski is the latest Illinois politician charged in a wide-ranging federal corruption probe into bribes, insider deals, cronyism and red-light cameras.
Decades of institutionalized financial mismanagement left Illinois with the nation’s worst fiscal health. Illinois House Speaker Mike Madigan has been at the center of nearly every bad decision along the way.