Expert Says Potential City Property Tax Increase "Not Going To Be Enough" A top Chicago city official agrees with budget experts that a possible property tax hike alone will not end the city's financial crisis, reports WBBM Political Editor Craig Dellimore.
Expert: Property Tax Hikes Could Chase Chicago Businesses, Residents AwayThe Emanuel administrations’ own new estimate shows a ballooning deficit of $754 million. Half of that is tied to Springfield's doing nothing about public worker pension reform.
Cook County Property Tax Appeal Process Now Fully DigitalThe Cook County Board of Review, which hears tax appeals, is moving into the 21st Century this week, unveiling a digital appeals process that is fully online, reports WBBM Political Editor Craig Dellimore.
Property Tax Freeze, Chicago Pension Relief AdvanceA bill to freeze property taxes for two years and provide pension relief to Chicago Public Schools has advanced in the Illinois Legislature.
House Property-Tax Freeze Fails; Rauner Says It's Not EnoughDemocrats in the Illinois General Assembly and Gov. Bruce Rauner spent Tuesday talking about the same issue — relief from increasing local property taxes — but they talked past each other in a continuing deadlock over a state spending plan due by June 30.
Illinois Senate Rejects Rauner's Priorities, Advances BudgetIllinois Democrats agreed to give some of Republican Gov. Bruce Rauner's priority reforms a platform Wednesday but still voted them down in an exercise that could further fuel a politically charged standoff that's expected to extend the summer.
Republicans Take Turn In Battle Over Budget, ReformProposals addressing workers compensation, changes to the civil legal system and a freeze on property taxes are on the agenda Wednesday in Senate committees.
Should Luxury Treehouse Get Its Own Property Tax Bill?Property tax officials in Schaumburg have begun researching whether additional property taxes should be levied against the owner of a treehouse who rents it out as a romantic getaway.
Lawmakers Seek Public Input On Plan To Revamp School FundingState lawmakers who have predicted huge property tax hikes for suburban homeowners under a measure to overhaul funding for public schools have invited the public to provide input on the plan Tuesday night in Arlington Heights.
Rauner Announces Plan To Overhaul Income, Property, Sales TaxesRepublican candidate for governor Bruce Rauner on Thursday offered a plan to revamp the state’s tax system, and voiced support for raising the minimum wage, coupled with business reforms.
2 Investigators: Assessor Going After Tax Cheats Under New LawIt took two years for the Assessor Joseph Berrios to get new laws he needed for this action -- an effort that began after a 2 Investigators report in 2011 on one of the biggest violators. CBS 2's Pam Zekman reports.
Governor: Extending Income Tax Hike Could Help City PensionsMunicipalities statewide have pushed for legislative help for underfunded pensions. Mayors say costs have risen, pension obligations are crowding out spending for other services and raising property taxes may be the answer. Quinn's against raising property taxes.