The Illinois House of Representatives voted against a proposal to freeze property taxes, denying much-needed relief to Illinoisans, who bear the third-highest property-tax burden in the nation.
The mayor’s plan to construct the Lucas Museum of Narrative Art includes more of the same bad policies that got Chicago into its fiscal crisis: a bid to borrow $1.2 billion and hike taxes on residents.
Not only are city officials making Chicagoans pay more for services that aren't working, they are making them shoulder the highest tax burden in the state.
Chicagoans are the most-taxed residents of any major city in Illinois and pay the 10th-highest property taxes compared to taxpayers in other large U.S. cities.
“Not totally dead” yet In the Chicago suburbs of Burr Ridge, Naperville and Hinsdale this summer, sales of high-end real estate hit a huge slump, which continues. For example, Crain’s Chicago Business reports the city of Burr Ridge has 100 homes on the market priced at $1 million or higher, but only 14 have sold...