From Governor Bruce Rauner:
Statement from Governor Rauner on Property Tax Bills
SPRINGFIELD – Governor Rauner issued the following statement as many homeowners throughout Illinois face a deadline today to pay property taxes:
“Illinois residents are being hit with record property tax increases in communities all around the state even though they already pay the highest property taxes in the nation.
“People are literally being driven from their homes by the failure of the General Assembly to enact the reforms that would stop this unnecessary destruction of the American Dream.
“I think every day about the moms and dads who are cutting important things from their family budgets, from summer vacations to school activities to youth sports to tutoring and more.
“Parents are forced into tough choices because the leaders in Springfield have failed once again.
“Since 1990 property taxes have risen 3.3 times faster than Illinois median household incomes.
“Today, in many communities, particularly the south Cook County suburbs, property taxes now exceed mortgage payments.
“My proposals will stop the harm out-of-control property tax increases cause families and businesses.
“When I talk to people throughout Illinois, they tell me that they feel they have lost control of their own property and are simply renting it from the government.
“That is not fair. We must pass the reforms I have outlined to rein in and then lower property taxes.”
What You Can Do to Stop Higher School Taxes TODAY
Woodstock resident Susan Handlesman offers the following good advice of how you might influence Governor Bruce Rauner to veto a bill that is, if signed, is bound to increase local school taxes:
Contact Rauner: Stop schools’ tax cap evasion loophole, veto HB 5529
Schools have specific tax caps in discrete Funds. For example, 4% of EAV is maximum allowable rate in Education Fund.
One way schools evade these maximum rates allowed by law is to deliberately over-levy in another Fund (like Transportation Fund), then transfer excess accumulation of tax money into the tax capped Funds (like Education Fund).
This tax cap evasion loophole, which destroys the only real protection property taxpayers have left, is on Rauner’s desk to be signed.
The Governor has the power to STOP this House Bill 5529.
HB 5529 provides perversion of the spirit of the school code, which seeks to restrain school spending within (generous) limits relative to the means of the taxed community.
Link to email Rauner:
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You can read about the most recent attempt, an illegal one, to over levy in the Transportation Fund by linking to the article below: