Tax increment financing

Growing out of control: Property taxes put increasing burden on Illinois taxpayers

By Ted Dabrowski, John Klingner
12/17/2015
Property taxes are the single largest tax in Illinois, burdening residents far more than either income or sales taxes. Illinoisans already know they pay high property taxes. But what is not as well known is that property taxes are outpacing residents’ ability to pay for them. Over the past 50 years, whether measured in comparison...

5 steps to immediately save Illinois more than $1.8 billion next year

By Benjamin VanMetre
05/28/2014
Illinois politicians passed a record income tax increase in January 2011. Part of the deal they made was to allow most of that tax hike to sunset in 2015. That deadline is quickly approaching – Illinois’ income tax rates are legally required to come down in nearly six months. Lawmakers should have been preparing for...