A statewide concern: Illinois’ population decline outpaces neighboring states – Wirepoints on ABC20 Champaign
“We are not in good shape” Wirepoints’ Ted Dabrowski told ABC 20 Champaign during a segment on Illinois’ latest population losses. Illinois was one of just three states to shrink in the 2010-2020 period and has lost another 300,000 people since then. Ted says things need to change. “It’s too expensive to live here, there aren’t enough good jobs and nobody trusts the government anymore. There’s just other places to go where you can be more satisfied.”
According to the Illinois Constitution any county with a population of 200K and over are limited to classify properties at no more than 2.5 times the lower class. In other words a business can pay 2.5 times the tax that a residential property does of equal value. Here in Winnebago county all properties are valued at the same class but different rates which are set by local municipalities. Within Rockford’s city limits are pockets of county which has a lower tax rate of 11.6802% on 1/3rd value. The city tax rate is 14.27% so the numbers are skewed for the… Read more »