Totaling the unsustainable tax increases and windfall revenue during Pritzker Administration – Wirepoints
May 26, 2026
23 Comments
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
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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.
It is time to put HONESTY into assessments, Just assess at market value, not 33% or 10% . Then tax rates will need to be adjusted and become HONEST.
One of the main reasons for the high property taxes and tax rates is Ptell (property tax extension limitation law) or tax caps which is not entirely true. With Ptell if property values go up the taxing bodies are limited to 5% increase or 1/2 inflation whichever is less. In the cities mentioned property values have gone down which in turn the taxing bodies can get what was levied (not billed or collected) from the previous year plus the 5% if inflation was 5%. So if property values decline by 50% across the board in one year the tax rate… Read more »