Critics warn Illinois’ ‘megaproject’ tax breaks shift costs to taxpayers – Center Square

In simple terms: House Bill 4058 lowers the minimum size for a “megaproject” from $500 million to $100 million, meaning smaller projects can now get the same huge tax breaks. Brian Costin, deputy state director at Americans for Prosperity Illinois, warns this lets more developers take advantage of the program, while regular homeowners and local businesses end up paying more in taxes to cover the difference.
2 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
mqyl
7 months ago

that’s odd; Illinois increasing taxes for regular homeowners

MsT
7 months ago

In even more simple terms, the taxes the developers don’t pay will be paid by other tax payers. The assessed taxes don’t change–what changes is who pays them. Think you, think me. How do you feel about $100M projects getting breaks your $250K home will never, ever qualify for?

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE