The bill’s final passage caps a yearslong effort by Central Illinois Regional Airport leaders to expand the airport’s taxing boundaries. Currently, only those who live within Bloomington-Normal city limits pay property taxes to the airport. After this change, everyone in McLean County will pay them. It’s expected to raise the overall tax bill for rural McLean County residents but lower them for those living in Bloomington-Normal.
I wonder if the Bears even considered the property taxes in Arlington Heights? Taxes in Chicago have for a long time been much less than the suburbs. Approx 1% of value for residential and now close to 2% while here in Rockford rates were over 5% of value for a while and Woodstock was over 3 or close to 4%. If the Bears get any type of tax incentive the residents will get higher tax rates to compensate due to Ptell jurisdiction.
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.
I wonder if the Bears even considered the property taxes in Arlington Heights? Taxes in Chicago have for a long time been much less than the suburbs. Approx 1% of value for residential and now close to 2% while here in Rockford rates were over 5% of value for a while and Woodstock was over 3 or close to 4%. If the Bears get any type of tax incentive the residents will get higher tax rates to compensate due to Ptell jurisdiction.