Nearly a third of property tax revenue in Chicago is diverted into 143 TIF districts controlled by the mayor, nearly half of which are located in affluent neighborhoods.

A constitutional amendment to impose fiscal discipline on state lawmakers is gaining bipartisan support.

Tax increment financing creates elusive troves of property tax “gold” – by depleting funds from local governments the mechanism intends to serve.

A potential 2 percent dine-in tax imposed on Springfield restaurants has yet to be introduced, but the idea - which other towns have tried - is not a welcome one.

House Bill 4083 is the second bill in the Illinois General Assembly to propose getting rid of Cook County’s unpopular soda tax.

Suburbs such as Downers Grove make dining out costlier through tax hikes.

Residents of Chicago’s collar counties pay the highest property taxes in the state – and some of the highest in the country.

Illinois’ budget gridlock has prevented the state from making payments on some 200 auto liability claims worth $560,000.