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Chicago property tax shifts could ‘shock’ Illinois into recession

The head of the Chicagoland Chamber of Commerce warned that shifting Cook County’s property tax burden to businesses could shock the entire state of Illinois into an economic downturn. From 2018 to 2019, the Cook County Assessor’s office said the northern third of the county’s businesses would see their share of the total property tax … Read more

Voters to decide if Illinois abandons flat tax in favor progressive income tax

By Greg Bishop and Brett Rowland | The Center Square Illinois voters will decide at the ballot box in November 2020 if the state will change its existing flat income tax to a progressive tax that has higher rates for higher earners. The Illinois House passed a constitutional amendment Monday afternoon that will ask voters … Read more