A proposed change to the Illinois Constitution would effectively transfer power over taxpayer money to government worker unions. The trend of property tax hikes would likely grow even worse during the next four years.
Illinois lost more than 100,000 residents and $8.5 billion on net in adjusted gross income to other states from 2019-2020, according to new federal tax return data. Those leaving earned $31K more than those coming in.
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.