A new Federal Housing Finance report finds that at a time when average home values were down by more than 20 percent in Illinois, property taxes were on the rise by nearly half that much, leaving many state residents in a quandary that has only added to the state’s outmigration exodus.
Illinois is bleeding itself dry through pension payments with some higher-ranking government officials receiving millions, prompting calls for reform from state Rep. Tom Morrison (R-Palatine) and many of his GOP colleagues.
In the mind of Illinois state Rep. Tom Morrison (R-Palatine), a new survey that finds successful millennials are leaving Illinois at a rate faster than every state but New York is the latest example of the state's policymakers not being able to get out of their own way.
Illinois State Rep. Tom Morrison (R-Palatine) sees the fact that Gov. J.B. Pritzker is at the center of a “scheme-to-defraud” property tax probe as just another reason to oppose his progressive tax plan.
While Illinois’ state-funded pension system remains in tatters, Gov. J.B. Pritzker recently floated a proposal to boost the funds put into pension plans for Chicago teachers while giving the rest of the state’s public educators a “pension holiday.” At least one state legislator is crying foul.
Since it was announced in May, a plan floated by the Chicago Federal Reserve to create a statewide residential property tax-- adding another $2,500 per year to the bill of a $250,000 Illinois home-- has been furiously, publicly opposed by Republicans across the state.