New bill calls for Illinois to consider ditching property taxes entirely
The 2024 law is similar to a law Pritzker signed in 2019 creating a property tax relief task force. The report that resulted recommended reforming the assessment process, reorganizing school funding and other measures, but didn’t call for ending the state’s property tax system that dates to the early 1900s.
Texas Senate passes bill to raise property tax exemption
The Texas Senate unanimously passed a bill raising the property tax exemption from $100,000 to $140,000, potentially saving homeowners hundreds of dollars. The legislature is allocating $3 billion to offset the lost revenue for public schools.
Steve Grzanich has the business news of the day with the Wintrust Business Minute. A bill’s been proposed in Springfield that ...
Illinois lawmakers have differing budget ideas as the state faces a projected $3.2 billion deficit. Republicans say ...
When local governments must comply with a new state law, it often increases costs. Those costs are passed on to the taxpayer.
Civic Federation Says Illinois Should Extend Sales Tax to Services to Help Bridge $3B Budget Deficit
By applying the sales tax only to goods and a small number of services, Illinois is missing the ability to tax much of the ...
A new report from the state legislature’s Commission on Government Forecasting and Accountability shows how Illinois stacks ...
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Indiana wants to absorb 33 Illinois counties that voted to secede: 'Join us'Indiana House Speaker Todd Huston says lawmakers are looking into a proposal to absorb parts of Illinois after multiple ...
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