Illinois SB 1379 has been assigned to committee during the lame duck session. Synopsis As Introduced Amends the Property Tax Code. Provides that, in counties with 3,000,000 or more inhabitants, taxpayers of income producing property shall submit income and expense data related to the property annually to the chief county assessment officer. Provides that, in counties with fewer than 3,000,000 [...]
City Council approves $12.8B pandemic budget The closest vote — 29 to 21 — was on Mayor Lori Lightfoot’s plan to raise property taxes by $94 million, followed by annual increases tied to the consumer price index. By Fran Spielman Updated Nov 24, 2020, 2:00pm CST Mayor Lori Lightfoot on Tuesday won approval for her 2021 city budget during a [...]
The proposal to amend the Illinois constitution, in effect ending a flat state income tax, has been defeated. The race for Cook County Board of Review (1st District) is inconclusive with many mail-in ballots to be counted.