Tuesday, Sep 30, 2014
Quincy, IL News - QuincyJournal.com
Trending on the Journal

Recent Comments

GoSalukis - Iowa company pitches Newcomb development proposal - Quincy, IL News - QuincyJournal.com
Where was Duece's fiscal restraint during the hydro mess? Someone should tell him these are investments in infrastructure.
Loverofblues - Practice of end-of-career teacher salary bumps being scrutinized - Quincy, IL News - QuincyJournal.c
3 month vacation? Teachers are paid on 9 month contracts.
UJacks1 - Practice of end-of-career teacher salary bumps being scrutinized - Quincy, IL News - QuincyJournal.c
Welcome to the real world of the poorly paid, over worked, 3 months vacation, holidays off, public school teacher! They have never had any reason to complain about pay - in any form.
AYHSMB - REBEL MEDIA: If Gov. Quinn put an Olive Garden in Quincy, would he win Adams County? - Quincy, IL Ne
If he had a pair, Quinn would have asked if any employees, and the percentage of, will earn minimum wage. (Waitresses not included).
1950Brutus - REBEL MEDIA: If Gov. Quinn put an Olive Garden in Quincy, would he win Adams County? - Quincy, IL Ne
Did Quinn check out their views on same sex marriage?? - Rahm may try to run these folks out of town like he did the Chic Filet people because only the politically correct can service us food here in IL.

Most Popular

Some neighbors not happy with Madonna House

Study finds reasons Springfield Diocese Catholics have left the Church

Inquest and Investigation: Curtis Lovelace didn't call 911 immediately or attempt CPR on wife Updated

QU gets $1.5 million from the state Updated Video

Quincy man arrested in Hannibal on drug charges

Quincy Park District Fall Festival this Saturday

Quincy School District unveils District digital conversion plan

Lovelace pleads Not Guilty

Illinois property tax levies up $4.8 billion since 2005

1 year, 10 months ago by Bob Gough

When the state isn't sharing its revenues with the local governments, local governments have to find revenue elsewhere or make cuts

From dailyherald.com:

Statewide, 2010 property tax levies were up nearly $4.8 billion above 2005 figures.

“I know Illinois is in trouble financially and there's been a lot of talk about restraint, but a $5 billion increase doesn't sound like restraint,” said Don Boyd, co-executive director of the New York-based State Budget Crisis Task Force that recently produced a report on Illinois' ongoing financial struggles.

A Daily Herald analysis of Illinois Department of Revenue reports from 2010 and 2005 shows that 300 suburban school districts in six counties plus Chicago Public Schools accounted for most of the property tax increase. The school districts levied $2.2 billion more in 2010 than they received in 2005, with Cook County's 152 school districts responsible for more than $1 billion of the increase.

The state's reports show Chicago and suburban municipalities increased property taxes by nearly $800 million over the same time period. Townships collected $60 million more, while the six county governments combined to increase their collective levy by almost $90 million more than 2005's take. Libraries, parks, fire districts and other specialty taxing agencies increased taxes by more than $365 million in 2010.

Most tax experts point to rising pension obligations and contractually mandated personnel costs as the chief cause for the property tax levy hikes.

Click here for more.


From the Newsroom

QuincyJournal on Twitter

QuincyJournal 21 minutes ago

Iowa company pitches Newcomb development proposal - Hobart Historic Restoration wants to build $3.9 million apartm... http://t.co/D3LhR9gTcY
Bob Gough on Twitter

Bob Gough 43 minutes ago

@DanLucySports God bless, Dan.
Bob Gough on Twitter

Bob Gough 3 hours, 34 minutes ago

@ursadailynews The City is planning to take out insurance to cover that in case it falls through.
Bob Gough on Twitter

Bob Gough 3 hours, 58 minutes ago

@ursadailynews No. Hobart is seeking $1.8 million of equity from the city as an incentive. Money would come from the TIF.