Supporters say the plan would generate approximately $100 million annually to address the root causes of homelessness by building new permanent housing that offers wraparound services.
Taxes
Despite the enthusiasm of supporters who held a City Hall rally before the City Council meeting and packed the chambers, Ald. Brendan Reilly (42nd Ward) tried, but failed, to prevent the measure from heading directly to a committee hearing and vote.
The median homeowners in Cook County’s north and northwest suburbs saw their property tax bills rise 15.7% this year, according to a new study just released from Cook County Treasurer Maria Pappas’ office.
Bills are available online at cookcountytreasurer.com and should hit mailboxes by Nov. 1.
The changes to how car buyers can get the federal tax break on EVs — part of the Inflation Reduction Act — were announced by the Biden administration on Friday and are being rolled out to car dealerships before they take effect starting Jan. 1.
Supporters say the plan would generate approximately $100 million annually to address the root causes of homelessness by building new permanent housing that offers wraparound services.
Despite the enthusiasm of supporters who held a City Hall rally before the City Council meeting and packed the chambers, Ald. Brendan Reilly (42nd Ward) tried, but failed, to prevent it from heading directly to a committee hearing and vote.
A revised version of the proposal known as “Bring Chicago Home” has Mayor Brandon Johnson’s support, setting up a fierce debate in the coming weeks over how the city should fight homelessness.
Cook County Treasurer Maria Pappas called the legislation “the most significant property tax reform legislation the General Assembly has approved in decades.”
Supporters of the proposal say the change will help the nearly 66,000 Chicagoans who are unhoused by generating approximately $160 million annually — enough to address the root causes of homelessness by building new permanent housing that offers wraparound services like substance abuse counseling.
The second-installment of property owners’ 2022 tax bills will be more than 120 days late amid months of bureaucratic wrangling and finger pointing among Cook County officials.
On Monday, Gov. J.B. Pritzker, the state’s legislative leadership and representatives of the hospitality industry announced that hotels in Illinois saw record revenues in fiscal year 2023, which ended June 30.
Get ready to pay more for gas and groceries. Illinois rings in the fiscal new year on July 1, which brings with it changes.
Amid record-high inflation last spring, the General Assembly temporarily waived Illinois’ grocery tax for the coming fiscal year and delayed the annual increase in the state’s motor fuel tax for six months.
Bill Designed to Revamp Property Tax Sale System That Fueled ‘Urban Decay’ Headed to Governor’s Desk
Cook County Treasurer Maria Pappas called the legislation “the most significant property tax reform legislation the General Assembly has approved in decades.”
The tax was supposed to discourage the use of plastic bags. Instead, it’s turned into a cash cow for the city. Activists say it’s time to rethink the policy.
