Budget + Tax

Property taxes rise nearly $4B under Pritzker

Property taxes rise nearly $4B under Pritzker

Illinoisans will have paid an extra $3.94 billion in property taxes during Gov. J.B. Pritzker’s term. Four years ago he campaigned on a promise of property tax relief.

By Bryce Hill

Amendment 1 could lock in $4B statewide property tax hike

Amendment 1 could lock in $4B statewide property tax hike

Total property tax extensions are on pace to total more than $40 billion by 2026, $4 billion more than at present. Amendment 1’s expansion of government union power would likely accelerate that increase.

By Bryce Hill

Amendment 1 could lock in $2B residential property tax hike

Amendment 1 could lock in $2B residential property tax hike

Statewide residential property tax extensions are on pace to total more than $24 billion by 2026, which is $2 billion more than the current total. Amendment 1’s expansion of government union power would likely accelerate that $2 billion increase.

By Bryce Hill

Small business owner fears Amendment 1 tax hikes

Small business owner fears Amendment 1 tax hikes

Linda Ekendahl hoped buying property for her business would be the best move – until her $30,000 property tax bill came. Another tax hike under Amendment 1 would further damage her business.

Arlington Heights kills effort to stop ‘Bears tax’

Arlington Heights kills effort to stop ‘Bears tax’

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.

By Patrick Andriesen