Illinois

Suburban Chicago house tax plan would choke lagging growth

By LyLena Estabine
07/31/2025
The Illinois Senate attempted to pass a “rescue package” for Chicago area mass transit that would punish suburban homeowners with a new real estate transfer tax. State leaders must instead focus on reforms to boost housing and economic growth.

Report shows Illinois government pension crisis worst in U.S.

By LyLena Estabine
07/31/2025
Illinois has the nation’s worst public pension crisis. Nationwide analysis from the Equable Institute shows Illinois state pensions remain fiscally unstable and threaten retirees and taxpayers, underscoring the need for reform.

Chicago pension sweetener would add $11.1 billion in liabilities

By LyLena Estabine
07/25/2025
State lawmakers boosted benefits for Chicago police and firefighters in the final days of the legislative session. Gov. J.B. Pritzker should reject this bill, or else it will add billions in debt to an already struggling city.

No. 2 no more: Illinois property taxes rank highest in U.S.

By Charlotte Rotkis
07/25/2025
Illinois just ranked as having the highest property tax rate in the country. Property taxes in Illinois are an especially heavy burden without the tradeoff seen in states such as Texas or New Hampshire, where there are either no sales taxes or income taxes.

TAGS: property taxes