Rapidly rising property taxes and growing pension costs leave homeowners asked to pay more to get less. Relief requires structural pension reform, starting with a constitutional amendment.
Despite so much of the property tax share going to public pensions, there is still a huge unmet pension debt. The average Rock Island household owes nearly $40,000 to state and local pensions.
While progressive tax proponents champion the measure as a “tax on the rich,” middle-income families in Rock Island County could see a tax hike under the income tax models praised by Illinois Gov. Pritzker.
While progressive tax proponents champion their “tax on the rich,” middle-income families in Decatur could see a tax hike under the income tax models praised by Illinois Gov. J.B. Pritzker.
City officials suggest Moline will face a budget deficit without a property tax hike – which would only worsen the property tax plight of area homeowners.
Seven former local officials across Rock Island County are taking home pensions in excess of $100,000 a year. And nearly a dozen have already collected $1 million over the course of their retirements.
While Quad Cities geography connects East Moline and the Iowa cities of Davenport and Bettendorf, Illinois’ abundance of school districts means their administrative environments are worlds apart. By consolidating duplicative administrative bodies, East Moline could generate taxpayer savings.
Atlantic Coca-Cola Bottling Co. plans to move its Rock Island facility to Walcott, Iowa, where the company is expected to receive substantial tax incentives.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.