Author: Shelly Rothstein

Barrington SD220 to make $1M budget cut, expecting less property tax revenue due to COVID pandemic

Written By, ALICIA FABBRE – CHICAGO TRIBUNE – PIONEER PRESS, 6/16/20   Anticipating a drop in revenue due to the COVID-19 pandemic, Barrington School District 220 school board members agreed to trim the district’s budget for next fiscal year by $1 million.   The move, approved at the June 2 board meeting, would put a hold on Read More …

Renewal Applications for Senior Freeze, Disabled Persons and Disabled Veterans Homestead Exemptions Will Not Be Required This Year Due to COVID-19 Pandemic

Written By, Lake County, IL Chief County Assessment Office, 6/15/20   Lake County residents who in 2019 applied for and received the Senior Citizen Freeze Homestead Exemption, the Homestead Exemption for Persons with Disabilities, and the Standard Homestead Exemption for Veterans With Disabilities will not be required to re-apply for those exemptions in 2020 due to the COVID-19 pandemic.  Read More …

Column: ‘Red states, blue states — they all need the money,’ U.S. Rep. Robin Kelly says of stalled tax relief bill

Written By, Ted Slowik, Chicago Tribune – Daily Southtown, May 26, 2020   The economic impact of the coronavirus pandemic is creating talk of tax relief from the halls of Congress to county treasurer’s offices.   Policymakers seem to want to offer relief to businesses fighting to stay afloat during stay-at-home orders and homeowners struggling Read More …

‘Vastly abused and mismanaged’ underperforming TIF districts may be result of non-restrictive state statutes

Written By, Drew Zimmerman – Lake County Journal, May 28, 2020   • Editor’s note: This is part two of three stories on the performance of tax increment financing.   In 2018, a total of 29 active tax increment financing districts existed within Community Unit District 300 based in Algonquin, leading to overall EAV growth of $296 million. Read More …