MOORE’S SUMMARY: Responding to a report from Cook County Treasurer Maria Pappas titled “How State Laws Failed to Stop Decades of Skyrocketing Property Taxes,” Gov. JB Pritzker on Monday laid blame at the feet of local school districts.
IN A NUTSHELL: The report found that property taxes in Cook County increased at double the rate of inflation and well above the rate of wage growth during the past 30 years. And while property taxes are imposed at the local level, the report concluded that loopholes in state law made it easier for local officials to impose property tax increases.
The report suggested that “the time may be ripe for the General Assembly to finally provide property tax relief to Illinois residents and businesses.”…