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 2010 assessed valuation has been totaled for McHenry County and it’s down almost 10%. That’s what a comparison of raw figures from the McHenry County Supervisor of Assessments Office indicate. McHenry County real estate taxes this year will be … 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
