Chicago’s regulatory roadblocks have derailed opportunity for the city’s food truck entrepreneurs. As a challenge to those restrictions reaches Illinois’ high court, the outcome of the case could be felt statewide.
With one proposal to pay off Illinois’ pension debt asking the typical homeowner to pay more than $1,900 in additional property taxes for the next 30 years, the stakes for pension reform have never been clearer.
Inaccuracy and unfairness in the property tax assessment process mean some homeowners, especially those in poorer areas, pay a disproportionate share of the overall tax burden.
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.