Former Illinois House Speaker Michael Madigan’s corruption conviction means capturing his likeness in a portrait would be tax dollars poorly spent, one lawmaker says.
Typical property tax bill increased 78% on a Cook County residence since 2007. Median property values only rose 7.3%. That leaves residents paying $2,558 more a year in property taxes while their biggest investment fails to keep up with inflation.
Published Sept. 26, 2024 Illinois is in the midst of a housing affordability crisis. Over a third of residents are considered “burdened” by housing costs, meaning they pay over 30% of their income on costs related to housing. That is a greater portion of residents burdened by housing than any other state in the Midwest....
Student literacy is in trouble nationally, which is why Illinois is one of 35 states where just 1 in 3 – or fewer – of its fourth graders met reading standards in 2022.
Barrington Township will be the first local government in Illinois to give taxpayers a vote on reforming the single-largest property tax driver in the state: public pensions. The advisory referendum will be on the ballot Nov. 5.
Illinoisans paid the second-highest property tax rate in the U.S. in 2022, with the median Illinois homeowner spending more than taxpayers in Alabama, West Virginia, Arkansas, Louisiana and South Carolina combined. See how your county compares.
Homeowners in half of Illinois’ 102 counties saw their property taxes grow faster than inflation from 2018 to 2022. The median bill rose $756 in that time.
The Chicago Teachers Union is putting political goals in its contract demands, something not found in other large cities. It is trying to impose policy on the public without elected representatives debating whether the policies will hurt students and taxpayers.
There are 18 private school choice programs called “education savings accounts” in 16 states and growing. But Illinois leaders refuse to let parents decide how their taxes are used to educate their children.
The Chicago Teachers Union prides itself as a leader in “bargaining for the common good” – unionspeak for contract demands related to its political agenda rather than teachers’ wages and benefits. This year’s negotiations could reverberate across the nation.
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.