Illinois is the least tax-friendly state, especially for homeowners, report says

Property taxes in Chicago really add up Written By, Curbed Chicago, Chicago Real Estate Reports – Sara Freund, January 24, 2020   Illinois is the least tax-friendly state in the country, according to a Kiplinger report, especially for homeowners.  Plus, new assessments led to big changes for some homeowners—as much as 11 percent increases in property tax Read More …

2020 Senior Freeze Information

Lake County Illinois, March 3, 2020 Limited Income Seniors Are Encouraged to Apply for the Senior Freeze Exemption, Which Can Help Lower Property Tax Bills  Property owners age 65 and older who have total household incomes of $65,000 or less are encouraged to apply for the Senior Citizen’s Assessment Freeze.  This program may reduce property Read More …

Despite passing a record income tax hike in 2017, Illinois’ pension health remains the nation’s worst, according to one of the world’s leading credit rating agencies.

Written by, Adam Schuster, Director of Budget & Tax Research  – Illinois Policy Institute, 9/24/19 Despite passing a record income tax hike in 2017, Illinois’ pension health remains the nation’s worst, according to one of the world’s leading credit rating agencies.   A new report from Moody’s Investors Service shows in fiscal year 2018, Illinois’ unfunded pension Read More …

Home is where the hurt is: How property taxes are crushing Illinois’ middle class.

Written By, by Austin Berg, Director of Content Strategy – Illinois Policy   Joel Schurtz lived all across the U.S. before coming to Illinois. He took promising job opportunities where he could find them, from California to Alabama. His wife, Michelle, and their three young children would follow.   “Our family always had a plan,” Read More …

Administrative Bloat.

Written by, Adam Schuster, Director of Budget & Tax Research  – Illinois Policy   Illinois spends the most in the Midwest per student on education. But instead of going to classrooms, a big chunk of that money props up bloated education bureaucracy.    Over 9,000 school administrators earned more than $100,000 per year, and they’ll Read More …

Illinois’ two major income tax hikes were major failures.

Written By, Austin Berg, Director of Content Strategy – Illinois Policy    Illinois’ two major income tax hikes were major failures.   That’s the takeaway from Illinois’ 2018 Comprehensive Annual Financial Report, or CAFR. It’s one of the state’s most important financial documents. And in true Illinois fashion, it was published 245 days late – Read More …