In 2017 alone, Lake County billed homeowners $1.8 billion in property taxes. Owners of a median-valued home in Lake Forest received a $13,600 property tax bill.
The country is enjoying a food truck boom, but overbearing regulations threaten the industry. According to a new study, Chicago’s regulatory burden is among the worst.
States with a progressive income tax see greater income inequality, and have seen income inequality rise faster than states without a progressive income tax.
In Illinois, hundreds of municipal workers earn more than every state governor. The city manager of Lake Forest is the second-highest paid city manager in the state.
The Education Freedom Tax Credit, also known as the Federal Scholarship Tax Credit, will give Illinois students access to donor money if the state opts into the program.