Day: July 6, 2015

Tax Rate Objection Lawsuits Challenge Funding Needs of a District – WP Original

  By: Nancy Mathieson*   Most property owners are familiar with remedies for challenging their property’s assessment for tax purposes, but there’s a rarer, broader remedy occasionally asserted. In a typical property tax appeal, the owner tries to have his taxes reduced by challenging the assessor’s market value estimate, or its assessment related to similar neighboring properties.   In contrast, tax rate objection lawsuits generally involve groups of taxpayers looking for recourse. The lawsuits typically allege the taxing bodies are levying more than they are spending, storing the rest in savings and taking resources from businesses which need them in

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Time to consider bankruptcy for Chicago and CPS – Andy Shaw, BGA

It would be nice if watchdogs like the BGA didn’t have to raise the draconian specter of bankruptcy, but the time for wishing upon that star is long gone. We’re realists, and bankruptcies may be in our future, so we should understand what that could mean for Illinois residents and their local governments. In this case, ignorance is anything but bliss.

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