On the same day the General Assembly abolished the death penalty, lawmakers also implemented the death penalty on Illinois’s economy and taxpayers by passing a 67 percent income tax hike in the face of overwhelming public opposition.

by Ashley Muchow Cook County Board President-elect, Toni Preckwinkle, recently warned county officials they would be responsible for making major spending cuts in their budgets to close the county’s $487 million gap. Preckwinkle met with elected county officials, including Cook County Clerk David Orr, Cook County Sheriff Tom Dart, and Treasurer Maria Pappas, asking each to cut...

by Wesley Fox Many property taxpayers in Cook County are confused and angry by their property tax bills.  While property value assessments are supposedly declining, tax bills are increasing leaving many asking, “Why?” According to one columnist at the Southern Star: I have been writing about the property tax for more than two decades now and still...

by Kate Piercy The city of Chicago has just approved 6 million dollars in tax increment financing (TIF) for Accretive Health Inc. “to pay for job training and the build-out costs” of a new facility, which will be located at 231 South LaSalle Street. By law, TIFs are intended to promote economic development in blighted areas,...

With the Chicago Mayoral race heating up, so too is talk about the City’s $500M annual Tax Increment Financing (TIF) revenues.  Former Chief of Staff to President Obama, Rham Emanuel recently gave a call to former Alderman and now U.S. Congressman Mike Quigley in regards to Chicago’s TIF districts. Recently, two Cook County Board President candidates,...