Illinois' high property taxes hurt the economy, particularly in communities already struggling. When government overtaxes, residents and businesses flee – leaving those remaining with a bigger tax bill.
MidAmerica St. Louis Airport has been a drain on taxpayers since it opened in 1995, requiring money from other county funds to keep it open. That total jumped last year to $14.83 million, bringing total subsidies since 2002 to $160 million.
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.
Illinois municipal leaders didn’t grant building permits to enough new housing in 2024. Low numbers and lack of density indicate Illinois could improve its housing picture with more development.
Illinois’ job market continued to struggle in January as the national economy grew. The job troubles were seen in eight of Illinois’ 13 metropolitan areas, with Champaign-Urbana hit the hardest.
New data shows nine of 15 Illinois metropolitan areas added jobs in December as the state gained 8,800 jobs. Ten metro areas reported higher unemployment than the national average.
New data shows only six of 15 Illinois metropolitan areas added jobs in October as the state shed 2,400 jobs. Twelve metro areas reported higher unemployment than the national average.
Residents in Central Illinois are feeling sticker shock from exponential property tax growth. One woman’s $756 property tax bill is skyrocketing to $10,000 in one year.
The statewide Illinois job market outpaced the national average. But 13 of 15 metro areas continued to have higher unemployment rates than the U.S. average.
Illinois students could soon benefit from scholarship money to help them find a tutor, attend ACT or SAT prep sessions, pay tuition, get special education services or assist with other academic needs. That will happen in Illinois only if Gov. J.B. Pritzker lets the state’s schoolchildren benefit from the Federal Scholarship Tax Credit program, established...