Even more evidence Illinois can thank the federal government’s covid bailouts for its budget bonanza – Wirepoints
Some Illinois lawmakers continue to deny that covid aid and other federal stimulus bailed the state out of its fiscal mess. But a look at past and projected revenues from COGFA shows just how much the bailouts blew out the state’s revenues. And now that they’re over, how much harder it will be for Illinois revenues to grow.
I doubt the property tax’s in Chicago are close to here in Rockford. On a $1 mil home (which there only a few) tax’s would be $46,710.46. On a business every million in value is $47,566.66 since everyone is taxed at the same rate. This is why so many protest assessments which in turn reduces total EAV which then increases the tax rate accordingly which then lowers property values ad infinitum. This is a result of PTELL legislation which many of us were duped to vote for. Many do not know that anyone receiving an abatement increases the tax rate… Read more »