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Tag: property taxes

Working from home trend could reduce local tax revenue

Working from home trend could reduce local tax revenue

— November 11, 2021

COVID-19 dramatically altered how and where many employees work, a shift that could have a long-term negative effect on commercial real estate occupancy rates and, ultimately, on local…

  • Local governments see drastic COVID-related revenue drops from

    Local governments see drastic COVID-related revenue drops from

    — August 28, 2020

    SPRINGFIELD — Illinois residents should expect fewer road repairs, community programs and other local government-provided services and higher locally-imposed tax rates as officials…

  • Researchers suggest more state funding for schools would lower property taxes

    Researchers suggest more state funding for schools would lower property taxes

    — December 22, 2019

    SPRINGFIELD — A pair of researchers are suggesting the best way to reduce property taxes in Illinois is for the state to take over a greater share of funding for public schools and…

  • Money matters: How school funding inequities affect students, taxpayers

    Money matters: How school funding inequities affect students, taxpayers

    — October 9, 2019

    SPRINGFIELD — Education officials in Illinois say the state is making solid progress under its new evidence-based funding program in narrowing the wealth-based disparities among school…

  • Property tax task force, relief fund bills pass House committee

    Property tax task force, relief fund bills pass House committee

    — June 3, 2019

    SPRINGFIELD – A pair of measures aimed at addressing high property taxes in the state passed committee Tuesday, May 29, one day after being touted by Democratic Gov. J.B. Pritzker…

  • Draft report on property taxes calls for consolidating school districts

    Draft report on property taxes calls for consolidating school districts

    — January 13, 2020

    SPRINGFIELD — A task force formed to study ways to reduce property tax burden on Illinois residents is calling for consolidation of school districts and other local units of government…

  • Pressure on property taxes mounts for towns across Illinois

    Pressure on property taxes mounts for towns across Illinois

    — November 3, 2019

    In the heart of Illinois, the city of Peoria cut its workforce by almost one-fifth to pay its annual obligations for police and firefighter pensions. In northern Illinois, Waukegan…

  • Lake County news briefs

    Lake County news briefs

    — June 5, 2019

    Lake Forest Local students awarded prestigious Goldwater Scholarships Lake Forest College students Niam Abeysiriwardena, ’20 of Northbrook, Illinois, and Samuel Gascoigne, ’20 of…

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