Category Archives: #madigoon
Illinois Property Owners Could Be Funding a Special Subsidy for Affordable Housing When Approved by the Illinois General Assembly
The bill is being pushed in the Illinois General Assembly. Does anyone else see the irony here? Property taxes will go up to pay for affordable housing if legislation now pending in the General Assembly passes. It’s not styled as a property … Continue reading
Illinois Home Values down 21% and Property Taxes Up 7 % Since 2007
Illinois homeowners still have yet to recover much of the home value they lost after the housing market crash. But that hasn’t stopped those homeowners’ property tax bills from climbing. Average home prices in Illinois are still 21% lower today … Continue reading
Thanks Mike Madigan : Illinois Has The Highest Overall Tax Burden In The US
Illinois in 2019 was again ranked as having the nation’s highest overall tax burden, at just shy of 15% of median household income. Adding another superlative by having Illinois residents pay the nation’s highest base vehicle registration fees is another … Continue reading
One More Thing On The Illinois Gas Tax Increase
The state’s new motor fuel tax of 38 cents a gallon will be tied to the Consumer Price Index effective July 2020. That means every March, the Illinois Department of Revenue will use federal inflation data from the previous 12 … Continue reading
The Cost Of Even Parking In Illinois Is Going Up As Well As A New Government Tax Scheme on Purchases—-Car Dealers and Purchasers Will Feel Tax Pain
Did you know pursuant to a bill passed on the last day of the legislative session, the first $10,000 of trade-in value will go untaxed. After that, every dollar of trade-in value would be applied to the purchase price of … Continue reading
Norridge Taxpayers Need To Repeal Home Rule To Curtail Out Of Control Taxation by Village Government
As Norridge Improvement Party regime leader James Chmura flees from being Village President effective June 30th, he has proposed a Village property tax levy for 2020 of $2.1 million. That’s a 32% increase from 2019’s $1.6 million, which itself was a 35% increase over … Continue reading
Mayor Of Chicago Attempting to Impose the City Pension Obligations on State Of Illinois-wide Taxpayers for Bale-out
The outlines of how Mayor Lori Lightfoot would like Springfield to help her balance her new city budget are coming into focus, and it looks like she’ll be making a big, big ask. According to knowledgeable sources in Chicago and … Continue reading
Governor to Clear 800,000 Criminal Pot Convictions
POT RECORDS WILL BE CLEARED: For decades, getting caught with a small amount of marijuana could put Illinois residents in jail for up to six months and perhaps worse. Gov. Pritzker’s signature on a law legalizing recreational weed includes a … Continue reading