"Every year, Cook County collects interest payments on late property taxes. For 2024, those fees were projected at $35 million, but the treasurer is on track to collect more than $100 million from taxpayers by December — three times the budgeted amount. This, along with other items, created a budget surplus in Cook County for 2024, but reinvesting 10 percent or 20 percent of these collections to stabilize the very tax base we rely on would usher residents through a time of financial hardship."
Tax reform of any kind in Illinois is a complete joke. The state is broke, as is the largest city in that state. A reform of any tax will just come at the expense of another tax increasing even more. That’s why Pritzker’s property tax task force never resulted in a damn thing. Pritzker has been rearranging the deck chairs on the Titanic since he took office. The Illinois media lets him get away with it every single day.
How is it possible for us to have elected officials this damned stupid? $15 million she proposes is nothing. Cook County collects something like $18 billion per year in property taxes, so her relief would be some microscopic fraction of the problem.
I think low morals and stupidity is a pre-requisite for the job. With regard to Chicago democrats, the pre-requisite is that you have to be an avowed POS. It helps to have a voting populous with an average IQ of 60. Didn’t I read in Ted Dabrowski’s article something about fake reforms? The democrat/media/union trifecta has the state and city locked in a death spiral and short of a revolt, they will not be relinquishing their grip.
Old Joe
1 year ago
Hmm, this is kinda like reverse inflation. Paying interest on extortionate property tax bills.
mqyl
1 year ago
When you read the phrase “property tax reform” in IL, it usually means the reform doesn’t apply to you, or worse yet, it’s at your expense. In the unlikely event the action causes your property taxes to decrease, don’t get too excited; they’ll get the lost revenue from you some other way. Mismanaged states/counties/cities always need more money from you.
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.
Tax reform of any kind in Illinois is a complete joke. The state is broke, as is the largest city in that state. A reform of any tax will just come at the expense of another tax increasing even more. That’s why Pritzker’s property tax task force never resulted in a damn thing. Pritzker has been rearranging the deck chairs on the Titanic since he took office. The Illinois media lets him get away with it every single day.
How is it possible for us to have elected officials this damned stupid? $15 million she proposes is nothing. Cook County collects something like $18 billion per year in property taxes, so her relief would be some microscopic fraction of the problem.
I think low morals and stupidity is a pre-requisite for the job. With regard to Chicago democrats, the pre-requisite is that you have to be an avowed POS. It helps to have a voting populous with an average IQ of 60. Didn’t I read in Ted Dabrowski’s article something about fake reforms? The democrat/media/union trifecta has the state and city locked in a death spiral and short of a revolt, they will not be relinquishing their grip.
Hmm, this is kinda like reverse inflation. Paying interest on extortionate property tax bills.
When you read the phrase “property tax reform” in IL, it usually means the reform doesn’t apply to you, or worse yet, it’s at your expense. In the unlikely event the action causes your property taxes to decrease, don’t get too excited; they’ll get the lost revenue from you some other way. Mismanaged states/counties/cities always need more money from you.