Illinois legislators pitch ideas for property tax relief, child tax credit – Center Square

State Reps. Dan Ugaste and Tim Ozinga discussed their idea found in House Bill 4866 to lower property taxes in the state by increasing state funding for local pensions. Separately, state Sen. Omar Aquino said the state-based child tax credit lawmakers are proposing this year will put money back into the pockets of many Illinois families. And a separate measure from state Sen. Mike Simmons would provide up to $700 in a child tax credit.
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Freddy
2 years ago

Property taxes are done on a local level with most of the money going to the school districts. If the pols want to do something they should get involved with all the school negotiations. Whatever the outcome of the contracts the state is not even allowed at the table but they have to pay approx 30% of the final deal. Also the state should crack down on pension spiking above the legal 6%. This raises the pension and costs taxpayers more money at the local level with property taxes and at the state with income taxes. There are many aspects… Read more »

Riverbender
2 years ago

Tax relief is impossible without spending cuts or hiking tax in other areas. Tell me what tax would you like hiked so that property taxes can be cut?

sue
2 years ago
Reply to  Riverbender

THEY NEED TO DO WHAT THEY SAY AND KEEP THEIR HANDS OUT OF THE COOKIE JAR………HELP THE PEOPLE FOR A CHANGE NOT THEMSELVES!!

Fed up neighbor
2 years ago

I propose a tax credit for families with a dog, 300 no 600 since it’s so expensive to feed and take a dog to the vet. My comment is just in humor, but since when did the government become the gate keepers of a free society.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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