Since 1991, some Illinois counties have traded voters’ ability to influence reductions in property taxes for a statutory limit on their growth. A recent Senate bill, however, would restore voters’ ability to reduce property tax levies through referendums.
Despite living in one of the most overtaxed counties in the country, the Des Plaines City Council approved an $11,255 salary increase for its city manager, raising the cost of government even more for taxpayers.
University of Chicago researchers have found inaccurate and unfair assessments by the Cook County Assessor’s Office led to $800 million of the property tax burden shifting from owners of Chicago homes in the top 10 percent (by sale price) to owners of homes in the bottom 70 percent.
Despite residents seeing some of the highest property tax bills in the state, the Wheeling Board of Trustees approved a preliminary agreement giving a developer nearly $7 million to build apartments and retail space in the village.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.