Dwyane Wade’s Matteson home has been on the market since May. At its current 5 percent effective property tax rate, the buyer would pay for it again in property taxes within 20 years.
A new sales tax proposed by Will County school districts would put some residents’ sales tax burden in a league with Chicago, which is home to the highest combined sales tax rate of any major city in the U.S.
Despite serving one of the most overtaxed parts of the state, a retired Kane County-area water district employee has collected millions in pension payouts over the past 20 years.
An agreement to end a dispute between the city of Harvey and two public safety pension funds provides a glimpse at the impending fiscal crises stemming from government pensions across the state.
The method by which local governments calculate Illinoisans’ property tax bills is broken. Here’s how Springfield can fix it.
Any meaningful property tax relief for Illinoisans means reforming Illinois’ unsustainable public pension system.
While a few payouts were the result of severe injuries, local taxpayers were also on the hook for settlements with workers who returned to work the very next day.
While a majority of Illinois metro areas experienced expanding payrolls in June, the state still lags the nation in post-recession jobs growth.
David St. Pierre is the latest Illinois government employee to receive a generous severance package, despite leaving under questionable circumstances.
Nearly a third of property tax revenue in Chicago is diverted into 143 TIF districts controlled by the mayor, nearly half of which are located in affluent neighborhoods.
Vague, arbitrary and overly protective rules, like we see often in Illinois, don’t do anyone any favors.
Seven former local officials across Rock Island County are taking home pensions in excess of $100,000 a year. And nearly a dozen have already collected $1 million over the course of their retirements.
That’s why they call them taxes. If they were easy, they’d call them something else.