property taxes

Statehouse
6:56 am
Mon June 2, 2014

Legislative Recap: What Lawmakers Did & Didn't Do

Credit Brian Mackey/WUIS

The Illinois Legislature adjourned its spring session having passed a new state budget and other key measures, but leaving some business undone. Here's a look at what passed and what didn't:  
     BILLS SENT TO GOV. PAT QUINN:  
Budget: A roughly $35.7 billion budget for 2015 keeps funding flat for schools and most state agencies. Majority Democrats acknowledged the budget is ``incomplete'' because it postpones tough votes about whether to slash spending or find new revenue until after November's election.  

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Property tax rebates
7:58 pm
Fri May 16, 2014

Civic Federation: Property Tax Rebates Inefficient

Credit Brian Mackey/WUIS

  Taxes have been in the spotlight at the state Capitol this spring, most visibly the fate of the state's income tax rates. But another tax plan, floated by Governor Pat Quinn, is also attracting ire of Republicans and economists alike.

Governor Quinn's plan for the Illinois budget calls for extending the state's 5-percent income tax rate, instead of allowing it roll back.

It's coupled with a $500 property tax rebate for every homeowner in Illinois.

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Tornado damage
1:19 pm
Mon March 31, 2014

Lawmakers Propose Tax Break For Businesses Blighted By Tornadoes

On the edge of destruction in Washington, Ill. The community was ravaged by tornadoes on Nov. 17.
Credit Hannah Meisel/WUIS

  Four months ago, tornadoes whipped through Central Illinois, ravaging communities like Washington and Gifford. As the towns rebuild, some lawmakers want to give businesses a break when fixing up their properties.

Rebuilding after a natural disaster can be expensive; insurance money only covers so much. A proposal making its way through the General Assembly could help ease that burden on businesses, by providing a property tax break.

Senator Dave Koehler (D-Peoria) says this would help stabilize local economies.

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District 186
11:05 am
Mon February 10, 2014

District 186 Considers Tax Referendum Possibilities

Springfield's district 186 is struggling to fill a 5 million dollar gap in the budget for the coming school year. A group of parents and community members say they have an answer to supplementing the district's budget: raise property taxes. But passing a referendum will prove challenging. And if it's going to happen, some say efforts to get the word out need to ramp up now. 

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