McHenry County Levy Increases Outpace Municipalities In a previous McHenry County Blog articles Comparing McHenry County Property Tax 2002 Versus 2016 it was discovered that while the Consumer Price Index (CPI) has increased 33.8% from 2002 to 2016, most McHenry … Continue reading
Category Archives: Consumer Price Index
48.37% Average Increase in Road & Bridge Funds Today McHenry County Blog is revealing numbers for Township Road Districts. In summary from 2002 to 2016: The Consumer Price Index (CPI) has increased by 33.8%. County Population increased by 10.55%. County … Continue reading
Townships Average 37.20% Increase in Tax Levy Today McHenry County Blog is revealing numbers for Townships. In summary from 2002 to 2016: The Consumer Price Index (CPI) has increased by 33.8%. County Population increased by 10.55%. County Assessments have increased … Continue reading
63.98% Average Increase for School Districts Today McHenry County Blog is revealing numbers for School Districts In summary from 2002 to 2016: The Consumer Price Index (CPI) has increased by 33.8%. County Population increased by 10.55%. County Assessments have increased … Continue reading
Fire District Property Taxes Increased Over 96% A friend of McHenry County Blog compiled the information explaining McHenry County Taxes in correlation to the Consumer Price Index. Today McHenry County Blog is revealing numbers for Fire Districts Part 1 on … Continue reading
Majority of Library and Park District Increases Higher Than CPI A friend of McHenry County Blog compiled the information explaining McHenry County Taxes in correlation to the Consumer Price Index. Today McHenry County Blog is revealing numbers for Library and … Continue reading
CPI Increase Totals 33% – McHenry County Property Taxes Increased Over 75% A friend of McHenry County Blog compiled the information explaining McHenry County Taxes in correlation to the Consumer Price Index. The McHenry County Chairman and some candidates for … Continue reading
The Consumer Price Index has been calculated by the U.S. Bureau of Labor Statistics and (drum roll), it’s 2.1%. As you can see above, next year’s tax bills are allowed to increase–in the aggregated–for each tax district by 7/10 of … Continue reading
Earlier this month, the Illinois Department of Revenue showed in inflation increase was 8/10 of 1% for 2015. That indicated that non-Home Rule tax districts (schools being the most expensive) could not increase their tax take by more than 8/10 … Continue reading
The Illinois Revenue Department has released the Consumer Price Index number for 2015. It will determine how much budgets of non-Home Rule units like schools can increase their budgets next year. The rate of inflation last year was 8/10 of … Continue reading
One more month to go in 2015 and it doesn’t look as if the cost of living will have gone up even one percent. Tax districts, such as schools, are limited to taking no more total dollars than the percentage … Continue reading
Capitol Fax is reporting a school superintendent complains that a two-year real estate tax freeze for be a “killer” for schools: “[Bruce] Rauner wants legislatures to freeze property taxes for 2 straight years,” said Tad Everett, superintendent of the Sterling Public … Continue reading
Yesterday, the Chicago Sun-Times ran an article estimating that the increase in the Consumer Price Index may be a mere 1.5% this year. That’s good for consumers, but the paper notes that it will mean that Social Security recipients will … Continue reading
The board packet of McHenry County College is posted on its web site, just as I wish every government’s were. (Special hint to the Crystal Lake City Council.) In it is a recommendation that tuition be hiked $2 a credit … Continue reading
So, what’s that mean? I wrote a rather expansive article about what it means to schools and local governments on Friday. You might be interested to read some of the implications in New Paradigm for Illinois Tax Districts … Continue reading
So, what’s that mean? I wrote a rather expansive article about what it means to schools and local governments on Friday. You might be interested to read some of the implications in New Paradigm for Illinois Tax Districts … Continue reading
The rate of inflation has been announced for the year 2008. The chart to the right tells the tale. (Click to enlarge.) The Consumer Price Index increased only 0.1%. That’s not 1%. That’s 1/10 of of 1%. Worse even that … Continue reading
The rate of inflation has been announced for the year 2008. The chart to the right tells the tale. (Click to enlarge.) The Consumer Price Index increased only 0.1%. That’s not 1%. That’s 1/10 of of 1%. Worse even that … Continue reading
In an Illinois Community College Trustees Association report supplied to McHenry County College trustees is a little item that would go a long way to removing restrictions imposed by the Property Tax Cap. See if you can figure out what … Continue reading
In an Illinois Community College Trustees Association report supplied to McHenry County College trustees is a little item that would go a long way to removing restrictions imposed by the Property Tax Cap. See if you can figure out what … Continue reading