For the first time in over three decades, inflation will be well over 5.0%, thus allowing affected governments to increase their levies up to the 5.0% PTELL limit if they so choose. In contrast, the inflation linked PTELL limit in tax year 2021 for taxes payable in 2022 was only 1.4%.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.