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Illinois residents will vote on a 3% tax for millionaires in November. The governor says the tax could generate $4.5 billion annually and alleviate high property taxes. Illinois has the second ...
Johnson wants to halve property tax increase Chicago Mayor Brandon Johnson says he’s in talks with city aldermen about cutting his proposed $300 million property tax increase by half. Last week ...
In a statement, the mayor’s office said property owners would see an estimated 4% average increase on their property tax bill, using 2023 assessed values, in order to reach that $300 million total.
The new tax rates proposed by the state legislature in SB 687 included an increase in corporate income taxes from 7% to 7.99%. SB 687 would have also changed the state's property tax credit, which is a credit that some residents paying property taxes can claim to reduce their income taxes, from 5% to 6%.
(The Center Square) – Despite being criticized for being a waste of time, a new commission will be created Jan. 1 to evaluate Illinois’ property tax system. State Rep. Mary Beth Canty’s ...
In 2016, the village held a referendum to increase property taxes due to declining tax revenues and increased personnel costs. Officials urged voters to approve the tax increase or the village government could be dissolved. [19] Voters approved a 33 percent property tax increase on March 15, 2016. [20]
Arlington Heights is a village in Cook and Lake counties, Illinois, United States. A northwestern suburb of Chicago, it lies about 25 miles (40 km) northwest of the city's downtown. [2] As of the 2020 census, the village's population was 77,676, making it the 15th-most populous municipality in Illinois. [3]
CHICAGO — Mayor Brandon Johnson eked out a victory Monday with the narrow passage of a $17.3 billion municipal budget plan that does not raise property taxes.