The Arlington Heights Board voted unanimously to reject a citizen proposal to stop them from subsidizing the $5 billion Bears stadium development with taxpayer funds. Petition sponsors said they will pursue a ballot question.
DuPage County consolidated seven taxing bodies to streamline government. The move will save $100 million for taxpayers over two decades.
Both forest preserve leaders and government unions are asking Cook County voters for more property taxes on Nov. 8.
Chicago Mayor Lori Lightfoot unveiled her 2023 budget proposal and deleted a $42.7 million property tax hike originally tied to inflation.
“I hope the property taxes don’t push me out into that level where I’m going to have to move because moving a business is also expensive. I’m hopeful it will work out, but I might have to be creative.”
The Springfield City Council voted to add an advisory referendum to the April ballot asking voters whether to eliminate the local township and let the city handle its duties.
FTX CEO Sam Bankman-Fried announced the cryptocurrency exchange is moving its U.S. headquarters to Miami. It’s the fifth major company to relocate its headquarters out of Illinois this year.
With 40 days until the election, Illinois residents can vote early at their local county clerks’ office. Vote-by-mail ballots should arrive soon, but there is still time to apply for one.
This week’s Policy Shop is by Senior Research Analyst Bryce Hill If nothing changes, property taxes will go up by an estimated $2,100 during the next four years for the typical Illinois homeowner. Policies that are already in place have led to pension debt and higher taxes. A typical Illinois family paid over $2,000 extra in...
Happy holidays, Cook County homeowners. The second installment of your property tax bills will arrive around Thanksgiving. They won’t be due until after Christmas but before New Year’s.
The latest job numbers show Illinois continues struggling to recover pandemic job losses, a bad sign for its lagging economy as recession fears rise.
An underused airport near Belleville, Illinois, has required local taxpayers to chip in $124.5 million since 2002 to keep it operating.
Gov. J.B. Pritzker stressed the importance of homeownership in Illinois. Under his administration, homeowners have seen their property taxes grow by $2,288.