Updated August 5, 2010 to reflect revised data from the Illinois Department of Revenue CHICAGO – The full market value of real estate in Cook County was approximately $616.2 billion in tax year 2008 according to an annual estimate…
Despite a $2 billion drop in the State’s annual revenues in FY2010 , the General Assembly passed Governor Pat…
The Illinois Department of Revenue has announced that the tentative equalization factor for the Cook County 2009 property assessment year (taxes payable in late 2010) is…
The sales tax rate on general merchandise in Cook County declines by 0.5 percentage point on July 1, 2010. This rolls back half of the 1.0 percentage point increase imposed by the Cook County Board of Commissioners effective July 1,…
On June 15, 2010 the Chicago Board of Education approved measures to cope with the school district’s…
The State of Illinois is not the only cash-strapped state that shied away from major tax increases to improve its financial condition in FY2011. According to Stateline.…
Last week the Illinois General Assembly adjourned for the summer. The House and the Senate sent numerous bills to Illinois Governor Pat Quinn to either sign or veto. One such bill is Senate Bill 580, which would restructure the existing…
This article is about Mayor Daley’s plans to hold the City of Chicago’s property tax levy flat for next year’s budget. The Civic Federation says the City should explore options other than increasing taxes to balance its budget in the…
The Chicago School Finance Authority (SFA) is scheduled to be officially dissolved on June 1, 2010. The SFA is a separate unit of government created in 1980 by the Illinois General Assembly and charged with “promoting the financial…
