Property taxes are the single largest tax in Illinois, burdening residents far more than either income or sales taxes. Illinoisans already know they pay high property taxes. But what is not as well known is that property taxes are outpacing residents’ ability to pay for them. Over the past 50 years, whether measured in comparison...
In her recent opinion piece, Innovation Illinois’ Elizabeth Austin misrepresented the facts in order to claim Illinoisans don’t pay high taxes: “My View: Illinois OK when right tax info is compared.” As the state budget battle wages on, it’s important for taxpayers to be armed with accurate information. Austin claimed that so far in the...
Illinois’ Economic Development for a Growing Economy, or EDGE, tax credit program has been making the news from time to time during recent months, mostly in the context of discussions on how to reform Illinois taxes and grow Illinois’ economy simultaneously. The program is on the chopping block. Notably, talk of changes to the EDGE...
Illinoisans’ average property tax rates as a percentage of home value have soared to 2.28 percent in 2012 from 1.93 percent in 2010. This is the second highest rate in the nation. Many Illinois residents are asking why their taxes are so high, and are curious as to where all this is money going. One organization,...
At least 84 corruption-related stories have been reported from across the state of Illinois in August alone. Atop August headlines is the recent revelation that a federal grand jury subpoenaed the emails of Gov. Pat Quinn’s ex-chief of staff in relation to Quinn’s anti-violence grant program. The case, which has been referred to by some...