Entries by Terri Hickey

Property Taxes Highest in Illinois, Lowest in Hawaii

From 24/7 Wall Street — llinois claims the highest property tax rate among the 50 states and the District of Columbia at 2.67%, which works out to $2,670 for every $100,000 in value. Hawaiians pay the lowest property taxes, just 0.31%, or just $310 per $100,000 in valuation. The national median property tax rate is 1.31%, […]

Sun Times: Illinois House Democrats propose graduated income tax plan

From the Chicago Sun Times: The state’s top earners would pay more in income tax and 99 percent of Illinois taxpayers would pay less, under a tax code overhaul hailed as “good public policy” by its Democratic sponsor but denounced by Gov. Bruce Rauner’s administration as “the straw that breaks the Illinois economy’s back.”  The […]

Illinois Unemployment Rises In March

From the Chicago Tribune:  Illinois’ unemployment rate climbed to 6.5 percent in March, well above the national average, in part because more people are looking for work again. The state added nearly 15,000 jobs. The state’s unemployment rate rose from 6.4 percent in February and from 5.9 percent in March 2015, according to the report […]

Columnist: Illinois property taxes are crushing homeowners

From the Daily Southtown and Chicago Tribune: Illinoisans pay among the highest property taxes in the nation, according to the nonpartisan Tax Foundation. Some Illinoisans’ property-tax bills are more than their mortgage payments. And the squeeze is getting worse. Since 1990, the average property-tax bill in Illinois has grown more than three times faster than […]

Chicago Tribune: Illinois’ Unemployment Among Worst in the Nation

From the Chicago Tribune –Illinois has one of the highest unemployment rates in the country. In January, Illinois’ unemployment rate was 6.3 percent, far higher than the nation’s 4.9 percent for the same month, according to the latest information released Monday by the Bureau of Labor Statistics. Only three other states plus the District of […]

Market Watch: The Great OK — U.S. Economy Muddles Along

From Market Watch:  U.S. interest rates remain extremely low and that can only mean one thing: The economy isn’t growing fast enough to justify making it more expensive to borrow. The Federal Reserve is expected to stand still and leave interest rates unchanged after bank VIPs meet this week. Nor are any of the economic […]

Chicago Tribune Editorial: It’s 5 O’Clock Somewhere

From the Chicago Tribune Editorial Board — Under the direction of Democratic leaders who control the schedule, the Illinois House adjourned last week until April 4. Confused about why the House would head home for a month in the midst of a state budget crisis? Well, then, you simply don’t appreciate the fact that your state […]

Survey Finds Illinois Still Second Worst for Property Taxes

From the Chicago Tribune — Illinois still has the second-highest property taxes in the nation, according to a survey by personal finance website WalletHub. Only New Jersey has a higher effective property tax rate, the survey found. Though property taxes vary from county to county across the state, the average effective rate in Illinois — the […]