Not enough revenue? How about too much spending. Chicago outpaces many of America’s biggest cities with a 62% spending spike since 2019. That’s what’s driving deficits.
The second installment of Cook County property taxes should have been paid Aug. 1. The county can’t get the calculations completed, so the bills are on hold.
“Bring Chicago Home” would classify more than 100 grocery stores as high-end properties that need to “pay their fair share” if sold. Chicago Mayor Brandon Johnson’s rhetoric fails to match his tax hike’s realities.
The Chicago Teachers Union is pushing a plan to tax “mansions.” But the tax would mainly hit commercial buildings, such as the building where the union is housed.
The Chicago Teachers Union funneled at least $200,000 into the ballot question Mayor Brandon Johnson claims will raise taxes to help the homeless. With no plan on how the money will reduce homelessness, it could become a slush fund for his CTU friends.
Illinois has a chance to fix its state finances, thanks to federal relief. But unless pension growth is brought under control, both retirees and taxpayers will be at risk as debt continues to consume state services.
Even after a 32 percent income tax hike, the Illinois General Assembly passed a state budget in 2017 that will generate an estimated $1.5 billion deficit in fiscal year 2018. That deficit is projected to grow to $2.15 billion in fiscal year 2019, according to the Governor’s Office of Management and Budget, or GOMB. The...
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...